WichitaCheapskate

06/04/2026

Mortgage Rates Move Back Up With Oil Prices https://www.mortgagenewsdaily.com/markets/mortgage-rates-06032026

Imagine being stuck at home watching TV for 3 months and only being able to stream one show. That's been the case for the bond market (which dictates interest rates) since the beginning of March. The show in question involves watching war-related headlines and reacting in roughly the same manner...

06/03/2026

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06/03/2026

Mortgage Rates Move Modestly Lower https://www.mortgagenewsdaily.com/markets/mortgage-rates-06022026

It was an uneventful day for the bond market and, thus, mortgage rates. Unlike the average trading day of late, there were no conspicuous war-related headlines making for shocks to oil prices. Since the start of the war, interest rates have had a strong correlation with oil prices due to inflation i...

06/02/2026

Rates Pull Back Slightly https://www.mortgagenewsdaily.com/markets/mortgage-rates-06012026

Following last week's relatively strong move to the lowest levels since May 14th, mortgage rates bounced slightly higher to start the news week. The move followed a clear shift in the Iran war news cycle with morning headlines citing Iranian officials saying the peace negotiation were effectivel...

05/30/2026

Mortgage Rates Set to End Week Much Lower https://www.mortgagenewsdaily.com/markets/mortgage-rates-05292026

While there are still a few hours left in the trading day, it's a near certainty that this week will end with mortgage rates at meaningfully lower levels compared to last Friday. Today is only adding modestly to that trend, but that makes it the 8th straight business day where rates have either....

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

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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-...