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Mortgage Rates Moved Higher This Afternoon

Mortgage rates were steady to slightly higher again today, making it the 13th out of the past 16 business days without an improvement.  The situation was more palatable earlier this morning and quite a few lenders were actually in better territory … Continue reading

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Mortgage Rates Continue Slow Trend Higher

Mortgage rates haven’t necessarily moved higher every day recently.  For instance, yesterday’s rates were unchanged versus last Friday’s.  But the general trend has unquestionably been toward higher rates.  In fact, rates have only moved lower on 3 out of the past … Continue reading

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Mortgage Rates Hold Mostly Steady Despite Market Weakness

Mortgage rates were generally unchanged today.  This is actually quite an accomplishment if you ask the average bond market participant.  Mortgage rates are largely determined by bond market movement (specifically, that of Mortgage-Backed Securities or MBS).  In the bigger picture, bond … Continue reading

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Playing the winning streak at a real estate auction – Essential tricks

Off late, online auctions are gradually gaining momentum. Online auction sites are not only increasing in popularity but they are also making bundles of money by selling some of the best houses online and offering the investors an entirely new … Continue reading

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Mortgage Rates Slightly Lower After Jobs Report

Mortgage rates recovered today, moving sideways to slightly lower after losing ground over the past few days.  Today’s focal point was the Employment Situation–the big “jobs report” for the month of April.  Job creation ended up slightly stronger than expected (211k … Continue reading

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Mortgage Rates Higher Ahead of Jobs Report

Mortgage rates moved higher today, bringing them back in line with the highest levels in nearly a month.  That sounds a bit worse than it actually is, due to the narrow range of rates over that time.  In fact, most prospective … Continue reading

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Fed Statement Erases Morning Mortgage Rate Gains

Mortgage rates ended the day relatively close to ‘unchanged,’ depending on the lender.  That’s somewhat surprising considering the presence of several big-ticket events on today’s calendar of potential market movers.  Chief among these was the most recent installment of the Fed’s … Continue reading

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Mortgage Rates Slightly Lower Ahead of Fed

Mortgage rates fell modestly today, but remained well inside the narrow range that’s been intact for more than a week.  For most lenders, that means conventional 30yr fixed quotes of 4.0-4.125% on top tier scenarios.  Most borrowers will continue to see day-to-day … Continue reading

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Mortgage Rates Unchanged Heading Into Fed Week

Mortgage rates were unchanged today, holding onto modest improvements seen yesterday.  In many ways, the past 2 days have confirmed that rates are in limbo near the lower end of the post-election range.  To be sure, they were definitively lower in mid-April, … Continue reading

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Mortgage Rates Fighting to Stay Near 2017 Lows

Mortgage rates moved lower today, following a policy announcement from the European Central Bank (ECB).  Some investors were concerned the ECB might begin sprinkling in clues about rate hikes or an early end to bond buying programs, but there was no such … Continue reading

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