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Mortgage Rates Spike to 6-Week Highs After Fed Minutes

Mortgage rates skyrocketed today, relative to their recent average daily movement, following the release of the Minutes from the most recent Fed meeting.  At the time of the Fed’s last policy announcement at the end of April, financial markets were nervous that … Continue reading

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Mortgage Rates Rise Ahead of Fed Minutes

Mortgage rates moved higher today as investors sold assets ahead of tomorrow’s Fed Minutes.  Asset prices move lower when sellers outweigh buyers, and when the price of bonds moves lower, rates rise.  This was most evident in the shorter-term bonds that react … Continue reading

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Mortgage Rates Surprisingly Steady Despite Market Volatility

Mortgage rates held surprisingly steady today, even though underlying bond markets were in noticeably weaker territory.  As bonds weaken, rates normally move higher, but there’s been a bit of a disconnect recently.  In light of our discussion last week, perhaps it isn’t … Continue reading

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Mortgage Rates End Week on Hopeful Note

Mortgage rates found their footing today, moving sideways to slightly lower after losing ground the past two days.  Earlier this week, rates hit their lowest levels in 3 years.  While today’s improvements don’t quite get us back there, they keep us very … Continue reading

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Mortgage Rates Continue Rising From 3-Year Lows

Mortgage rates moved higher again today, rising to the highest levels since last Thursday.  That fact is contrary to the most of the mortgage-rate-related headlines out today, so what gives?!   The discrepancy is simple and not uncommon on Thursdays.  That’s when … Continue reading

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Mortgage Rates Rise a Bit Despite Market Improvement

Mortgage rates were very slightly higher today.  That’s counterintuitive because bond markets were slightly stronger, and that almost always coincides with rates moving lower.  All of this requires a caveat though: we’re talking about very small movements.  In fact, we’re not even … Continue reading

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Mortgage Rates Officially Hit 3-Year Lows

Mortgage rates didn’t move any lower today, but they earned an important distinction nonetheless.  As of today, you’d have to go back 3 full years to see rate sheets any lower, on average.  May 10th, 2013 was a very bumpy day for … Continue reading

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Mortgage Rates Steady Near 3-Year Lows

Mortgage rates moved sideways today, taking them one step closer to officially claiming the title of “3 year lows.”  Tomorrow marks the three year anniversary of the Wall Street Journal article that began the early days of the ‘taper tantrum’–the jarring move … Continue reading

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Lowest Rates in 3 Years For Some Lenders

Mortgage rates moved lower today, following after the labor department reported lower-than-expected job creation in the month of April.  Interestingly enough, the bonds that underlie mortgage rates did not improve today.  Lenders were nonetheless able to offer noticeably improved rate sheets.  Part … Continue reading

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Mortgage Rates Hold Steady Ahead of Jobs Data

Mortgage rates held steady today, marking the 9th straight day without a move higher.  6 of those 9 days have seen mild to moderate improvements, ultimately bringing rates back within striking distance of 2016’s lows.  Only a few days in early February … Continue reading

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