As mortgage rates eased, refinancing surged in Q4. Hundreds of thousands of homeowners cut monthly payments, while millions more may now be eligible to refinance.
Rates rose yesterday as investors grappled with the likely inflation effects of the Iran war.
Today's consumer price index is the most important of all inflation reports. Will it help or harm mortgage rates?
Mortgage payments aren’t just principal and interest anymore. Taxes and insurance now account for 21% of average housing costs, with some areas seeing the share climb above 40%.
Yesterday's suggestion that the war in Iran was almost over evaporated that evening, putting oil prices and mortgage rates at risk
Friday saw an epic battle for mortgage rates between war jitters and economic data. Will we see a repeat for this week's crucial inflation figures?
Low mortgage rates locked millions of homeowners in place, limiting housing supply. A new Harvard study finds this “rate lock” effect helped prevent the steep home price drop many economists predicted.
With mortgage rates rising again, we'd better hope today's jobs and retail sales reports bring the right sort of news.