Hodge Miller, Realtor at Century 21 Redwood Realty

06/25/2026

https://www.mortgagenewsdaily.com/markets/mortgage-rates-06242026

Rate momentum shifted noticeably on Wednesday. The underlying bond market saw heavy buying in pre-market trading--likely a result of large-scale quarter-end rebalancing among the largest money managers (i.e. adjusting balance of stocks vs bonds in investment portfolios). Excess demand for bonds = lo...

06/18/2026

The response to new Fed Chair Kevin Warsh's press conference was not well received.

In general, lower transparency regarding the Fed's reaction function arguably requires traders to price in a higher risk premium, taking us back to rates seen earlier this month.

Mortgage rates quickly erased a week of progress this afternoon following the Fed announcement and press conference. Fed announcement day historically has several components: the announcement itself, the summary of economic projections (SEP), and the press conference.  Within the SEP, there...

06/01/2026

The average 30 year Mortgage rates held steady at lowest rates in 2 weeks. Some more aggressive lenders are quoting 6.25% on 30 year mortgages. Call me if I can help.

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...

05/28/2026

The Bond market improved and rates were steady.

Call me if you have any questions.

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...

05/16/2026

The week closed with rates moving up to an almost 8 month high. Let me know if I can help with your Real Estate needs.

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,...

05/05/2026

Strong Bond yields and rising gas prices are causing the uptick in rates. Lets hope that UAE leaving OPEC and increasing oil production will offset some of those increases.

Now is the time to shop for the best rates if you are looking to purchase Real Estate. Call me I can help. I maintain a list of Mortgage Lenders that consistently have the lowest rates.

Top-tier 30-year fixed rates are back above 6.5% today for the first time in more than a month for the average lender. Many lenders raised rates during the course of the day as well.  Those who didn't will likely have to raise rates tomorrow unless the underlying bond market makes a sig...

05/01/2026

I’ve moved to a new firm, but you will always get the same great service. Call me if I can help you with your Real Estate needs.

04/30/2026

The Iran conflict has caused 30 year Mortgage to jump to the highest levels in the last 30 days. Some more aggressive lenders are still under 6%. Call me if I can help.

Mortgage rates jumped higher today at the fastest pace in weeks to the highest levels since March 30th. There were two key motivations for the increase, but one accounted for a vast majority of the damage. News came out overnight that spoke to the possibility of a prolonged blockade of the Strait of...

04/21/2026

A steady bond market leads to stable 30 Year Mortgage rates to start the week with a 6.33%/avg rate across the nation. There are more aggressive lenders with offerings of 5.875%. Call me, if I can help!

Despite some initial signs of volatility in financial markets over the weekend, the bond market managed to avoid losing much ground. Because bonds dictate mortgage rate movement, the average lender remained very close to Friday's latest levels.  MND's rate index (a measure of top-ti...

04/16/2026

30 year Mortgage rates are at their lowest point for the month. This is the average rate, so there are some more aggressive lenders offering rates under 6%. Reach out to me if you need help.

Mortgage rates had their best day of the month so far with the top tier 30yr fixed rate falling 0.08% for the average lender to the lowest levels in exactly 4 weeks. Today's improvement is a bit bigger than today's bond market movement would suggest. The discrepancy is due to timing. Bonds w...