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Mortgages Stories

6-Day Winning Streak Leaves Rates Near All-Time Lows

Mortgage rates fell moderately today, adding a 6th day to a winning streak that began with last week’s Brexit news and bringing rates right to the brink of all-time lows.  Mortgage rate movement can be measured in large and small chunks.  The … Continue reading

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Mortgage Rates Stay Strong to End Quarter

Mortgage rates trickled slightly lower today, technically taking them to another in a string of 3-year lows over the past 2 weeks.  The most recent, most noticeable catalyst for the move toward lower rates is the passing of the referendum for the … Continue reading

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Rates Continue Holding 3-Year Lows

Mortgage rates roughly unchanged today, on average, with some lenders showing slight improvements while others moved just a bit higher.  Even on individual lenders’ rate sheets there were some cases of the lowest rate offerings improving while higher rate offerings got worse. … Continue reading

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Mortgage Rates Lower Despite Bond Market Weakness

Mortgage rates fell modestly today despite some weakness in underlying bond markets.  Typically, when bond yields (which move inversely with bond prices) are rising, mortgage rates tend to be higher as well.  That wasn’t the case today for a few reasons.  The … Continue reading

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Mortgage Rates Continue to New 3-Year Lows

Mortgage rates move lower again today following last week’s Brexit headlines (the U.K.’s vote to leave the European Union).  Indeed it’s hard to turn on the TV, computer, or radio without hearing about Brexit.  Global financial markets are still in the throes … Continue reading

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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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