Mortgage rates moved higher for the 6th day in a row on Tuesday and to the highest levels since January, 2025. The average top-tier 30yr fixed rate is up to 7.22% and the most prevalently-quoted top-tier rate is 7.25%. Over the past 6 days, the average is up 0.33%, which is is the most abrupt […]
Mortgage Rates Higher Again Ahead of Fed Read More »
Mortgage companies typically price in the consensus expectation regarding whether or not there will be a Fed rate change heading into a meeting like this week’s, and it typically materializes, but there’s always the risk it won’t. Processing Content And this time, there is a contingent within the market predicting that the upcoming decision on
How mortgage businesses can manage interest rate risk Read More »
The 10-year U.S. Treasury yield rose to the highest in almost two decades, the latest milestone in a bruising global bond selloff driven by booming capital investment and soaring energy prices that are exacerbating inflation. Processing Content The yield, which serves as a benchmark for borrowing costs across the globe, rose as much as five
US 10-Year yield rises to highest since 2007 as Fed looms Read More »