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Global Financial News, Breaking Financial News, Debt and Mortgage Loan Crisis News

Rates Rip to Highest Levels Since July 2015

It was all pain, all the time for mortgage rates today.  Since the election, the average conventional 30yr fixed rate has risen roughly 0.5%, putting  November 2016 on a short list of 4 worst months in more than a decade.  Two … Continue reading

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Mortgage Rates Jump Back to Highs

Mortgage rates may have caught a break yesterday, but today is a different story.  Or perhaps it’s a different kind of break… a bad one… more of a compound fracture really.  Not only did rates resume their move higher, but they … Continue reading

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Best tips for maximizing your investments

What’s the sure-cut way to cushion the uncertainties of life? Well, it has to be the “investments” (done in right areas) which can potentially help you in the challenging times when you need your finances the most. Yes, there are … Continue reading

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Top 5 mistakes to avoid while choosing a personal injury lawyer

Your smartness, confidence and belief may simply prove to be wrong during the process of overlooking the importance of “taking” legal help right after the accident. If it is so, then you are not alone as everyone makes mistakes. So, … Continue reading

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Mortgage Rates Finally Catch a Break

Mortgage rates finally caught a break today, moving somewhat lower after hitting the highest levels of the year yesterday afternoon.  In fact, several lenders moved rates even higher to start the day today, due to weakness in bond markets this morning.  As … Continue reading

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Mortgage Rates Still Over 4% Despite Calmer Markets

Mortgage rates were mixed today, depending on the lender.  Those who raised rates yesterday afternoon were more likely to show small day-over-day improvements today.  But for the average lender, rates edged just slightly higher, bringing them to the highest levels of … Continue reading

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Mortgage Rates Skyrocket to 4%. New Normal?

Mortgage Rates Skyrocket to 4%. New Normal? It’s been a long time since anyone could say that top tier conventional conforming 30yr fixed mortgage rates were at 4%. Indeed, even last Monday, the thought of 4% rates would border on preposterous. But … Continue reading

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Mortgage Rate Pain on Par With Taper Tantrum

Mortgage Rates continued a relentless move higher today, as financial markets continue rapidly adjusting the price of new realities (more on that in a moment).  The average 30yr fixed rate quote surged another eighth of a point today (a huge move, relative … Continue reading

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Worst Day For Mortgage Rates in Over 3 Years

Mortgage Rates skyrocketed today, relative to their average range of movement.  It was the single biggest move higher since the days of the taper tantrum in mid-2013.  Virtually all lenders are quoting conventional 30yr fixed rates that are at least an eighth … Continue reading

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Election Pushes Rates to New 5-Month Highs

Mortgage Rates rose today as early presidential polls showed Clinton leading in several battleground states.  At least when it comes to the most immediate future, rates have done better when Trump’s numbers have been better.  Some analysis suggests that although a Trump … Continue reading

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