Live Rate Quotes
Real Estate Chart of the Day
Mortgage rates and markets change constantly. Stay 100% current by taking The Mortgage Reports by email each day. Click here to get free email alerts, or subscribe to the RSS feed in your browser.
today, mortgage rates are still higher than the government's "ideal" sub-5 percent level, but Wall Street isn't worrying about inflation as much. Data has improved in a lot of sectors, but it can't necessarily be categorized as "strong". Plus, gas prices are falling. Both of these developments are making a positive impact on mortgage rates and should continue to pressure rates lower over the next few weeks. All of that said, however, all it takes is one shock to the system and mortgage rates will blow right past 6 percent and won't look back.
Mortgage rate volatility is back in a big way, folks. To put the pace of change in perspective, consider this: * In the last 60 days, lenders have issued 4 or more rates sheets in a day once per week * In the last 365 days, lenders have issued 4 or more rates sheets in a day once per month. The last 2 months have been a mortgage rate whirlwind.
