by Jacob Lilley | Mar 25, 2022 | Blog, Mortgage Rates
While weeks in 2022 have been terrible for mortgage rates, we’ve always been able to say “at least it wasn’t as bad as that one week in 2013.” We can’t really say that anymore. Sharply higher rates out of the gate on Monday, a few hopeful... by Jacob Lilley | Mar 18, 2022 | Blog, Mortgage Rates
Mortgage rates are based on movement in the bond market, and as of the middle of this week, bonds had lost a good amount of ground every day for 8 straight days. With that, the average 30yr fixed rate officially hit its highest level in 3 years. That happened on the... by Jacob Lilley | Mar 11, 2022 | Blog, Mortgage Rates
The Fed will hike its key policy rate for the first time since 2018 next week, but mortgage rates aren’t waiting to move higher. By the end of this week, they were as high as they’ve been in nearly 3 years. The mortgage market has long since moved on from... by Jacob Lilley | Mar 4, 2022 | Blog, Mortgage Rates
Financial markets were already dealing with rapidly evolving Fed policy shifts, a big jump in rates, and a big drop in stocks. But after Russia invaded Ukraine, volatility has been on another level. As far as the mortgage market is concerned, the average 30yr fixed... by Jacob Lilley | Feb 25, 2022 | Blog, Mortgage Rates
Russia’s military operations in and around Ukraine over the past 3 weeks have created significant volatility for financial markets. Interest rates were already in the throes of a major adjustment due to changes in the Fed policy outlook. Geopolitical risk has...
