Rates Flat, Possibly a Calm Week for Mortgage Rates

The bond market opened flat today with no relevant economic news released. Rates should remain unchanged from Friday. This week brings only one significant piece of economic data, the November Goods and Services Trade Balance report. This report gives us a sense of the US trade deficit. Still, this report does not have a large bearing on interest rates. As a result, the stock market or other economic markets could be the greater influence on mortgage rates. In the absence of this, we could be in for a placid week.

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Mortgage Rates Operating in Unprecedented Environment

Mortgage rates are now officially operating in a historically unprecedented environment. This would trigger broad, cautious counsel to lock rates. Although we have seen steady downward pressure on mortgage rates throughout the week yesterday sparked an unusual effect in the bond markets.

Mortgage Rate Tumble

Mortgage rates continue to fall.

Expect Volatile Mortgage Rates

Mortgage rates are expected to be volatile today as market determine how they will react to coordinated worldwide central bank rate cut.

Mortgage Rates Drop on Equity Fears

Mortgage rates continue to drop as fear seizes the equity markets.

Senate Passes Bailout

Senate decisively passes the $700 billion financial market stability legislation.

Mortgage Applications Plunge

Mortgage rates balance on little to no activity, while mortgage applications plunge.

Mortgage Rates Down

Mortgage rates descend, but won't make it easier to get a mortgage.

Mortgage Rates Flat

Expect mortgage rates to remain stagnant.

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National Rates

Loan Type Today
30 Year Fixed   5.90
15 Year Fixed   5.65
5/1 Adjustable   6.01

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