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Mortgage Rates Slightly Lower to End 2016

Mortgage rates moved lower for a 3rd consecutive day to end 2016, bringing them to the lowest levels in more than 3 weeks for many lenders.  December 8th was the last time rates were lower.  As of yesterday, 4.25% regained the status of … Continue reading

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What are the major stock indices?

When people think about the stock markets, major indices such as the Dow Jones (properly known as the Dow Jones Industrial Average or DJIA) are among the first that come to mind. But what exactly is a stock index and … Continue reading

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Rates Set to End Year With Glimmer of Hope

Mortgage rates moved lower today, somewhat significantly, depending on the lender.  In many cases, quotes are an eighth of a point lower compared to Tuesday morning.  Some lenders made the move yesterday.  For others, today did the trick.  In both cases, the … Continue reading

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Mortgage Rates Lowest in 2 Weeks After Treasury Auction

Mortgage rates moved lower today following back-to-back afternoons of improvements in underlying bond markets.  Yesterday afternoon was only slightly stronger.  It didn’t result in many lenders offering mid-day improvements in rate sheets.  Today, however, multiple lenders put out positive reprices after … Continue reading

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Mortgage Rates Erase Last Week's Modest Gains

Mortgage rates moved higher today, bringing them back into the range that’s dominated the second half of the month.  That means the average lender is fairly close to the highest rates in more than 2 years, officially seen on December 15th.  There … Continue reading

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Mortgage Rates Drift Lower Ahead of Extended Weekend

Mortgage rates made their biggest move of the week today, although the competition wasn’t very stiff, considering yesterday’s microscopic improvement was the first noticeable change.  Today’s improvement was certainly bigger, but still microscopic by normal standards.  Few, if any lenders will be … Continue reading

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Rates Close to Capping Calmest Week in Years

Mortgage rates did nothing today.  They did less than nothing.  This week is already easily on track to be the calmest since the election.  And if tomorrow is similarly lifeless, it will be one of the calmest weeks ever. Oftentimes, I’ll … Continue reading

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Mortgage Rates Edge Slightly Lower

Mortgage rates continued the normal late-December trend of minimal movement today, but the average lender managed a microscopic improvement.  This wasn’t nearly enough to change rates themselves (i.e. the “note rate” would be the same as it was yesterday on any … Continue reading

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Markets Keep Moving, Rates Keep Staying The Same

Mortgage rates are officially checked out for the holidays.  Today marked the third straight day with very little change from the previous day’s rates, despite plenty of justification from market movement.  This worked against us yesterday as markets suggested lower rates, … Continue reading

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Alimony Laws In California

Despite the predictions, or hopes, from many pundits, the wave of alimony reform that swept over several states in recent years seems to have lost momentum before it crashed ashore in California. In 2011, Massachusetts became one of the first … Continue reading

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