What moves mortgage rates from day to day, explained without forecasts
Reading rate headlines
Forecast-free answer
Headline rates are averages for a specific type of borrower and loan, often surveyed over several days. Your quote depends on your credit, down payment, loan type, points and the day you ask. Use headlines to understand direction, then compare actual Loan Estimates taken the same day.
Last reviewed against the primary sources listed below.
Questions to ask about any headline
- Which loan type and term does it describe?
- Does it include points?
- What borrower profile is assumed?
- Over what days was it measured?
Market questions
Why is my rate quote different from the rate on the news?
National averages assume a particular borrower and may include points; your credit, loan and timing differ.