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Single Best Day For Mortgage Rates in More Than a Year

Mortgage rates plummeted today following the surprise victory of the referendum for the U.K. leaving the European Union (aka “Brexit”).  This joins the ranks as one of the few days in history where rates have moved a full eighth of a point … Continue reading

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Mortgage Rates Prepare to React to Brexit

Mortgage rates moved higher for the 5th day in a row as financial markets prepare for the results of the U.K. referendum on its European Union membership (aka “Brexit”).  In general, rates are expected to rise if the U.K. remains in the … Continue reading

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Mortgage Rates Higher Still Despite Market Improvement

Mortgage rates were higher for a 4th straight day today.  That is a bit of a puzzler at first glance because bond markets are showing improvements from yesterday.  10yr yields are 0.02% lower and even the mortgage-backed-securities (MBS) that dictate mortgage rates … Continue reading

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Mortgage Rates Highest in 2 Weeks

Mortgage rates remained under pressure today, moving up to the highest levels in two weeks.  Financial markets are in the process of undoing some of their defensive maneuvers ahead of this week’s referendum vote on the U.K. exiting the European Union (informally … Continue reading

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Mortgage Rates Continue Higher to Begin Volatile Week

Mortgage rates continued higher today, and at a quicker pace than the modest increase seen at the end of last week.  Financial markets are undergoing a change of heart regarding their approach to Brexit (market shorthand for a “British exit” from the … Continue reading

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Rates Move Higher for First Time in Nearly 2 Weeks

Mortgage rates moved higher today for the first time in nearly 2 weeks.  After rising slightly on Monday June 6th, rates have been on a mission–moving slowly and steadily to the lowest levels in well over 3 years.  Even after today’s modest … Continue reading

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Mortgage Rates Deeper into 3-Year Lows

Mortgage rates moved lower today, largely because they needed to get caught up with yesterday afternoon’s movement in bond markets.  As a reminder, mortgage rates are most directly affected by mortgage-backed-securities (MBS), which tend to move in the same direction as US … Continue reading

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Mortgage Rates Lender-Dependent After Fed Announcement

Mortgage rates were unchanged today, despite the potential for volatility surround the Fed’s rate announcement.  No one expected the Fed to hike rates at this meeting, but there was a risk they could shake things up via the release of their updated … Continue reading

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Mortgage Rates, The Fed, and Brexit. What Does it All Mean?

Mortgage Rates, The Fed, and Brexit. What Does it All Mean? Mortgage rates were initially lower this morning as global bond yields continued to plumb record lows.  There was widespread coverage in financial news of Germany’s 10yr bond yield dipping into negative … Continue reading

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Yep, Mortgage Rates Are Still Super Low!

Mortgage rates haven’t moved too much recently, and no one is complaining.  While each of the past 5 days has only seen a modest drop in rates, they were already operating near 3-year lows.  They officially hit new 3-year lows late last … Continue reading

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