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Mortgage Rates Lowest in Weeks

Mortgage Rates continued steadily lower today, adding to a string of improvements that brings them to their best levels in more than 2 weeks.  Rates have now re-entered the narrow “post-Brexit” range that began shortly after the UK’s vote to leave the … Continue reading

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Mortgage Rates Lower as Market Digests Fed

Mortgage Rates made more substantial gains today, after financial markets had more time to react to yesterday’s announcement from the Federal Reserve.  Although the Fed held its policy rate steady, the bigger story was a sharp downgrade in the longer term rate … Continue reading

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Mortgage Rates Barely Budge Following Fed

Mortgage Rates made modest gains in some cases today, though many lenders are in roughly the same territory as yesterday.  Things could be worse, however, considering we had 2 major announcements from central banks today (Japan overnight and the Fed this afternoon). … Continue reading

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Mortgage Rates Near Recent Highs Ahead of Fed

Mortgage Rates were slightly higher in most cases today, although there were a few lenders in better shape.  This runs counter to movement seen in underlying bond markets, which in slightly better territory on the day.  The discrepancy is due to conservative … Continue reading

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Mortgage Rates Eerily Calm Ahead of Fed Week

Mortgage Rates were unchanged again today, on average.  Some lenders were modestly better than yesterday.  Others were modestly worse.  But all were fairly close.  This is an eerie level of stability given the fact that rates looked like they were finally breaking … Continue reading

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Mortgage Rates Sidestep Near Recent Highs

Mortgage Rates were unchanged in most cases today, keeping them near their highest levels in more than 2 months.  Rates are driven primarily by movements in bond markets, and bonds had an opportunity to react to multiple economic reports that came out … Continue reading

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Mortgage Rates Face More Volatility Despite Slight Recovery Today

Mortgage Rates fell modestly today, but only enough to bring upfront costs slightly lower for the same rates quoted yesterday.  Still, it’s a most welcome development given the abrupt spike over the past few days (relative to the recently abnormal level of … Continue reading

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Mortgage Rates Still Pushing Into Post-Brexit Highs

Mortgage Rates were only slightly higher today, and in some cases were right in line with yesterday’s.  In fact, if you caught a lenders’ rate sheet earlier this morning, chances are it was in better shape than yesterday.  That stood to reason, … Continue reading

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Rates Catch a Break, but Remain Higher on The Day

Mortgage Rates continued higher today.  Even though the spike wasn’t as severe as Friday’s, we nonetheless find ourselves well into the highest levels since the UK voted to leave the EU (“Brexit,” a flashpoint for financial markets and the last major source … Continue reading

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Mortgage Rates Spike to 2-Month Highs

Mortgage Rates continued sharply higher today, as financial markets quickly adjust their outlook for global monetary policy (the rate-setting and asset purchases among central banks like the Fed).  The move began with yesterday’s announcement and press conference from the European Central Bank … Continue reading

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