A really nice week for mortgage rates with a big announcement late Thursday that should move rates down significantly over the coming weeks. We finally broke through and are now at 5.75% for our best 30-year fixed conventional scenario.

With a lack of major economic news, the final couple of weeks of the year were relatively quiet for mortgage markets. Mortgage rates ended just slightly higher for the week, we are still at 5.875% for our best 30-year fixed Conventional scenario.

A short trading week with the holidays so not a lot to report but we did improve just a bit for the week. We will end the week at 5.875% with .25% lender credit towards closing costs.  We are one or two good days away from moving down to 5.75%, a mark that we haven’t really seen in the last 3 years other than very, very briefly in September of 2024.  

It was a good week for mortgage rates as markets improved 4 out of 5 days this week. We will end the week back at 5.875% for our very best 30-year fixed conventional scenario.

It was an eventful week for mortgage markets with several mixed signals for the direction of mortgage rates. For the week, mortgage rates moved up just slightly as we end the week at 6.000% for our very best 30-year fixed conventional scenario.

It’s been a more of an eventful week in the bond markets, as the flow of key economic data has slowly become available. No major surprises in this week’s news but markets inched back up just a bit. We are still hanging on to 5.875% for our very best 30 year fixed conventional scenario.