Mortgage Rate Quote

This list is not inclusive of all states where Bond Street Mortgage, LLC may lend. Bond Street Mortgage, LLC is required to make the following disclosures by its regulatory authorities located in the applicable states. Not all states require such disclosures.
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act
Delaware Chapter 24, Title 5 Licensed Lender
Licensed by the N.J. Department of Banking and Insurance.
Licensed by the Pennsylvania Department of Banking and Insurance
Registered Mortgage Broker, NYS Banking Department, Loans Arranged with 3rd Party Lenders
Licensed by Connecticut Department of Banking
Licensed by Texas Department of Savings and Mortgage Lending
Licensed Mortgage Lender by Florida Office of Financial Regulation
Company NMLS #: 191351

Bond Street Mortgage

Mortgage Rates Newsletter - Market Analysis


Mortgage Rate Weirdness May Be Working in Your Favor Today
Things have been weird enough for mortgage rates recently that we were forced to add a " Temporary Note on Mortgage Rate Inconsistency " to our daily coverage recently. It will likely return before too long, but with a few edits for clarity. Edits will also need to account for days like today, which offered a prime example of how the inconsistency can be corrected. There's a decent chance those first 3 sentences are confusing and/or relatively meaningless, so let's change that! Mortgage rates aren't the only rates out there. They exist in an ecosystem with more established players like US Treasury yields. They move so much like Treasury yields that even very smart people mistakenly believe Treasuries (specifically, the 10yr) dictate mortgage rates. Recently though, mortgage rates have moved
Mortgage Rates Fall Back Down to 3-Year Lows
Mortgage rates fell today as the underlying market for mortgage-backed-securities (MBS) actually did a better job of keeping pace with broader bond market gains--not something they've been doing very well lately! For some lenders, it was enough to get them back to August 6th's levels, which were the best in nearly 3 years. The average lender can quote a conventional 30yr fixed rate of 3.625% for top tier scenarios. That said, there is much more variability between lenders at the moment. Take a look at the " Temporary Note on Mortgage Rate Inconsistency " below to learn more about why things have been volatile and inconsistent. There's no reason to expect broader market volatility to suddenly disappear, but as long as Treasury yields don't undergo a massive spike, the mortgage market should
Mortgage Rates Are a Mess!
Mortgage rates were unchanged for many lenders today which is utterly and completely shocking given the other market developments that tend to coincide with rates moving lower. Specifically, stocks tanked and 10yr Treasury yields plummeted to the lowest levels since September 2016. For anyone under the impression that 10yr yields dictate the direction of mortgage rates without exception, it's high time to reassess that worldview. The bottom line is that rates are doing an absolutely terrible job of keeping pace with the rally in the broader bond market. The " Temporary Note on Mortgage Rate Inconsistency " below will be informative in that regard. With that in mind, many lenders were unchanged today for slightly less complicated reasons. Sure, underlying mortgage bonds didn't improve as quickly
Mortgage Rates Jump After Tariff Delay
Mortgage rates were still unchanged for many lenders as of this morning. There were even a few offering slightly lower rates compared to yesterday morning's offerings. That was a welcome development considering broader bond markets (which generally dictate rates) were pointing toward higher rates at the time. This can be explained by the inconsistent behavior of the mortgage market with respect to US Treasuries (and/or "the broader bond market") discussed in greater detail in the temporary "note on mortgage rate inconsistency" below. Today's iteration had more to do with the volatility component as bonds were somewhat rocked by headlines regarding the delayed implementation of several recently announced tariffs. If the announcement of tariffs was good news for rates 3 weeks ago, the delay is
Mortgage Rates Miraculously Flat Despite Massively Lower Treasury Yields
Mortgage rates were unchanged to slightly higher today--a claim that utterly boggles the mind of anyone who thought they understood the relationship between bond markets and the mortgage world. ALMOST without fail, a big drop in 10yr Treasury yields will coincide with lower mortgage rates. In fact, many people believe (albeit incorrectly) that mortgage rates are based on the 10yr yield. But today, despite a substantial drop in Treasury yields, mortgage rates are stuck in the mud. Since this could continue to be the case, I'm going to include the following brief statement/reminder until the situation subsides: A note on mortgage rates not improving even when 10yr yields are falling: Mortgages and the bonds that underlie them (MBS) are subject to one major uncertainty that doesn't affect US Treasuries

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