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Serious homebuyers should be on the lookout for a good time to lock in a lower mortgage rate–and now could be that time. The October inflation report has already pushed mortgage rates down to 7.4% from nearly 7.6% the day before. Good inflation news. Headline inflation was unchanged from the month before in October. That’s […]

The latest labor-market report closes out a week of good news for mortgage rates.  The October jobs report shows slower-than-expected growth in the labor market, which has already pushed interest rates down and driven mortgage rates down to 7.36%, their lowest level since mid-September.  This labor-market report closes out a week that has already brought

The U.S. treasury announced they’re going to issue less long-term debt than expected and the Fed held interest rates steady. Those two events brought rates down a bit–at least temporarily.  Mortgage rates came down slightly today, with the daily average 30-year rate dipping to 7.69%, its lowest level in about three weeks. Rates hit a

When the 10-year treasury yield increases, mortgage rates increase. Several factors are causing the treasury yield to rise, including a resilient job market and consumers spending freely on things like Taylor Swift concerts and tickets to the Barbie movie.  The average 30-year mortgage rate hit 7.79% last week, its highest level in 23 years. Despite