The Truth About Mortgage

Mortgage Rates Catch a Break as Job Growth Goes Negative

Colin Robertson — Fri, 07 Aug 2026 15:52:21 +0000

The July jobs report just came out and it was very ugly. So ugly that the number of jobs created was negative instead of positive. While that doesn’t bode well for the economy, it’s certainly a tailwind for mortgage rates. It takes pressure off the Fed to hike in September, and it counteracts the fear… Read More »Mortgage Rates Catch a Break as Job Growth Goes Negative

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Mortgage Rates Move Higher on Jobs Report Defense

Colin Robertson — Thu, 06 Aug 2026 18:07:59 +0000

Mortgage rates moved higher again today on the eve of the July jobs report. The monthly jobs report from the Bureau of Labor Statistics (BLS) is always the biggest potential mover of mortgage rates. It carries the most weight because it can impact Fed decision making the most. While the Fed doesn’t set mortgage rates,… Read More »Mortgage Rates Move Higher on Jobs Report Defense

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Mortgage Rates Are Now Higher Than They Were a Year Ago

Colin Robertson — Wed, 05 Aug 2026 17:00:48 +0000

Perhaps this is just a psychological loss, but mortgage rates are now higher than they were a year ago. If you look at rates last August, they were below current levels, per the daily rates tracked by Mortgage News Daily. At last glance, a 30-year fixed averaged 6.75%, while its year-ago average was closer to… Read More »Mortgage Rates Are Now Higher Than They Were a Year Ago

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Chase Is Advertising Mortgage Rates With Nearly Two Discount Points to Keep Them Looking Attractive

Colin Robertson — Tue, 04 Aug 2026 19:48:51 +0000

Was reading about how Chase plans to hire a staggering 850 new Home Lending Advisors when I stumbled upon their mortgage rates page. I check rates from big banks and lenders pretty frequently, but was surprised to see their latest offerings. Instead of displaying rates with a fraction of a point, they’re advertising rates with… Read More »Chase Is Advertising Mortgage Rates With Nearly Two Discount Points to Keep Them Looking Attractive

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War De-escalation = Lower Mortgage Rates

Colin Robertson — Tue, 04 Aug 2026 17:12:45 +0000

At this point it seems abundantly clear. De-escalate and mortgage rates fall. Ratchet up the war talk and mortgage rates go up. The same seems to go for the wider stock market. Which begs the question, when do we just cut our losses and make a deal? Mortgage Rates Clearly Like Pacification If you pay… Read More »War De-escalation = Lower Mortgage Rates

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Mortgage Rates Get Much Needed Relief Thanks to a Taco?

Colin Robertson — Mon, 03 Aug 2026 14:53:11 +0000

Well, it looks like mortgage rates will continue to avoid the dreaded 7-handle. This time, thanks to a taco. Ultimately, the core driver of mortgage rates right now is the conflict with Iran. Any ratcheting up, and mortgage rates rise. Things cool, so do mortgage rates. So when there’s a taco, things tend to improve,… Read More »Mortgage Rates Get Much Needed Relief Thanks to a Taco?

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Mortgage Rates Narrowly Avoid New 52-Week Highs as Bond Yields Surge Higher

Colin Robertson — Fri, 31 Jul 2026 18:24:56 +0000

It’s been another bad week for mortgage rates. No surprise here. They continue to face upward pressure thanks to a protracted war that shows no signs of abating. We were promised a swift resolution, and after an ill-fated peace deal, it now seems there’s no light at the end of the tunnel. As such, oil… Read More »Mortgage Rates Narrowly Avoid New 52-Week Highs as Bond Yields Surge Higher

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Trump Says Warsh Wants Lower Interest Rates, But Has a Political Board

Colin Robertson — Thu, 30 Jul 2026 18:46:25 +0000

As expected, the Fed left rates unchanged this week, though there was an outside chance they were going to raise 25 basis points. It turned out to be a holding steady situation as most envisioned, though three board members did dissent. That included Dallas Fed President Lorie Logan, Cleveland Fed President Beth Hammack, and Minneapolis… Read More »Trump Says Warsh Wants Lower Interest Rates, But Has a Political Board

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Do Mortgage Rates Need a Hike to Move Lower?

Colin Robertson — Tue, 28 Jul 2026 20:50:00 +0000

There’s an argument floating around that if the Fed hikes rates, long-term rates will move lower. That includes things like 30-year fixed mortgage rates, which recently hit fresh 52-week highs. Basically, a Fed hike will send a signal to the bond market that new Fed chair Kevin Warsh is serious about combating inflation. As such,… Read More »Do Mortgage Rates Need a Hike to Move Lower?

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How Mortgage Rates Avoid a Return to 7%

Colin Robertson — Fri, 24 Jul 2026 19:06:36 +0000

There are alarm bells ringing that mortgage rates are going back to 7%. I’m seeing articles, I’m hearing from housing doomers. Everyone seems to think mortgage rates are going much, much higher. But then you look at a prediction market website, and the odds of a rate even above 6.9% this year is super low.… Read More »How Mortgage Rates Avoid a Return to 7%

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