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Mortgages Stories

Mortgage Rates Edge Higher, But Remain in Low Range

Mortgage Rates were slightly higher again today, marking the second day spent pulling back from a nice move lower that followed last week’s Fed announcement.  Although mortgage rates aren’t directly influenced by the Fed Funds Rate itself, quick changes in the expected … Continue reading

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Mortgage Rates Finally Break Recent Winning Streak

Mortgage Rates finally took a break from their recent winning streak today.  While there are a few lenders whose rates are just a hair lower than yesterday’s, most are slightly higher.  Moreover, bond market weakness in the afternoon prompted several other lenders … Continue reading

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Mortgage Rates Near 2-Month Lows

Mortgage Rates maintained their recent winning streak today, falling for the 5th straight day.  The average lender is now offering the best rates in nearly 2 months.  You’d have to go back early August or late July (depending on the lender) to … Continue reading

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Mortgage Rates Match September Lows

Mortgage Rates were lower again today, marking the 4th straight day of improvements and the 8th day without a meaningful increase.  This brings the average lender back in line with levels seen on September 7th.  Before that, you’d have to go back … Continue reading

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Mortgage Rates Lowest in Weeks

Mortgage Rates continued steadily lower today, adding to a string of improvements that brings them to their best levels in more than 2 weeks.  Rates have now re-entered the narrow “post-Brexit” range that began shortly after the UK’s vote to leave the … Continue reading

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Mortgage Rates Lower as Market Digests Fed

Mortgage Rates made more substantial gains today, after financial markets had more time to react to yesterday’s announcement from the Federal Reserve.  Although the Fed held its policy rate steady, the bigger story was a sharp downgrade in the longer term rate … Continue reading

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Mortgage Rates Barely Budge Following Fed

Mortgage Rates made modest gains in some cases today, though many lenders are in roughly the same territory as yesterday.  Things could be worse, however, considering we had 2 major announcements from central banks today (Japan overnight and the Fed this afternoon). … Continue reading

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Mortgage Rates Near Recent Highs Ahead of Fed

Mortgage Rates were slightly higher in most cases today, although there were a few lenders in better shape.  This runs counter to movement seen in underlying bond markets, which in slightly better territory on the day.  The discrepancy is due to conservative … Continue reading

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Mortgage Rates Eerily Calm Ahead of Fed Week

Mortgage Rates were unchanged again today, on average.  Some lenders were modestly better than yesterday.  Others were modestly worse.  But all were fairly close.  This is an eerie level of stability given the fact that rates looked like they were finally breaking … Continue reading

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Mortgage Rates Sidestep Near Recent Highs

Mortgage Rates were unchanged in most cases today, keeping them near their highest levels in more than 2 months.  Rates are driven primarily by movements in bond markets, and bonds had an opportunity to react to multiple economic reports that came out … Continue reading

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