Oops, looks like something went wrong! Either there isn't a page here yet, or you clicked on a malformed link. Please try again, or use our navigation to find the page you are looking for.
In a volatile market, interest rates can change multiple times a day. Analyzing daily mortgage rates is based on live mortgage-backed securities (MBS) pricing, which is a mortgage market data service used by mortgage lenders and real estate agents. MBS prices are related to mortgage rates; when bond prices increase, interest rates decrease. As a rule, a 50 basis point change in MBS pricing leads to a 0.125% change in interest rates. Over the course of several weeks or months, these daily rate fluctuations can add up to significant changes. Varying factors can result in an increase or decrease in rates such as how well the economy is doing, employment and the housing market.
Expert predictions that 30-year mortgage rates would climb to at least 5 percent in 2015 have not materialized and homebuyers are taking advantage of current low rates.
Read more »
Read more mortgage blogs…