WichitaCheapskate

05/29/2026

Mortgage Rates Officially Hit 2 Week Lows https://www.mortgagenewsdaily.com/markets/mortgage-rates-05282026

We were close yesterday and we officially arrived today. Mortgage rates may still be elevated compared to almost all of the past 10 months, but they're the lowest they've been since May 14th.  This was accomplished with a modest drop versus yesterday's levels after another round...

05/28/2026

Mortgage Rates Hold Lowest Level in Nearly 2 Weeks https://www.mortgagenewsdaily.com/markets/mortgage-rates-05272026

Early in the trading session, the bond market began improving in response to more updates on a potential Iran peace deal. When bonds improve, rates fall, but the initial reaction proved short-lived.  Thankfully, the reversal didn't do any new damage. This allowed the average lender to k...

05/27/2026

Busting mortgage myths! Don’t let misconceptions hold you back from homeownership. Watch our video to learn the truth!

05/27/2026

Mortgage Rates Move Moderately Lower https://www.mortgagenewsdaily.com/markets/mortgage-rates-05262026

Although mortgage rates are still relatively close to their highest levels in 9 months, they continue moving lower after hitting those highs as the beginning of last week. Today's improvement follows news over the weekend that the U.S. and Iran are even closer to agreeing on a framework that wou...

05/23/2026

Mortgage Rates End Week Roughly Unchanged https://www.mortgagenewsdaily.com/markets/mortgage-rates-05222026

Mortgage lenders rely on the bond market to generate mortgage rates. In addition to being fully closed on Monday for Memorial Day, bonds also close 3 hours earlier than normal on the preceding Friday (i.e. today). The abbreviated trading session was fairly uneventful for rates despite some back-and-...

05/22/2026

Mortgage Rates Recover After Starting Higher https://www.mortgagenewsdaily.com/markets/mortgage-rates-05212026

After posting a decent recovery from 9-month highs yesterday, it looked like mortgage rates were destined to bounce back toward slightly higher levels today. In fact, when lenders released their initial rates this morning, the average 30yr fixed rate was indeed moderately higher. But shortly after 1...

05/21/2026

Mortgage Rates Recover All of Yesterday's Losses https://www.mortgagenewsdaily.com/markets/mortgage-rates-05202026

Wednesday brought some much-needed relief for the mortgage market after rates surged to new 9 month highs of 6.75% yesterday. Whereas that rate spike was decoupled from the prevailing narrative of war-related headlines, today's recovery was quite the opposite. Newswires came out shortly after 10...

05/20/2026

Mortgage Rates Jump Again, Now up 0.75% Since Start of The War https://www.mortgagenewsdaily.com/markets/mortgage-rates-05192026

It was another rough day for the bond market and, thus, for interest rates. Investors aggressively sold bonds in the first 2 hours of trading, taking 10yr Treasury yields to the highest level in more than a year. Mortgage-specific bonds have been doing better versus Treasuries in recent months thank...

05/19/2026

Mortgage Rates Start Week at New 9 Month High, But Just Barely https://www.mortgagenewsdaily.com/markets/mortgage-rates-05182026

Mortgage rates hit their highest levels in more than 9 months at the end of last week. Now today, they've edged slightly higher yet again with the average top tier 30yr fixed rate at 6.68% versus 6.65% on Friday. This wasn't necessarily destined to be the case today. In fact the day began wi...

05/16/2026

Mortgage Rates Surge Toward 8-Month Highs https://www.mortgagenewsdaily.com/markets/mortgage-rates-05152026

Mortgage rates are driven by bonds and the bond market hoped to see more evidence of shift toward peace during the 2-day Trump/Xi meeting in China. As soon as Trump got back on the plane to head home, bonds began tanking (i.e. jumping to higher yields). When bond yields spike, mortgage rates follow,...

05/15/2026

Mortgage Rates Move Moderately Lower https://www.mortgagenewsdaily.com/markets/mortgage-rates-05142026

May continues to be a more volatile month than the bulk of April when it comes to day over day mortgage rate movement. While the average day has seen that volatility play out in favor of higher rates, today was thankfully the opposite.  Yesterday's latest levels left the average lender....