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Mortgages Stories

Mortgage Rates at 3-Week Highs After Fed Ends QE

Mortgage rates rose to the highest level in 3 weeks after today’s Fed Announcement.  The move was a two-part process with initial rate sheets being weaker in the morning and mid-day reprices (lenders raising rates) following the Fed.  The pace … Continue reading

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Mortgage Rates Recover Slightly; Holding Near 4 Percent

Mortgage rates pulled back to hold near 4 percent after rising to the highest levels in 3 weeks.  After yesterday’s Fed announcement, the most common rate quotes were at risk of edging up to 4.125% for top tier borrowers.  While … Continue reading

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Mortgage Rates Stay Sideways Ahead of Important Fed Announcement

Mortgage rates were almost universally sideways today with very few lenders changing rate sheets noticeably from yesterday.  As such, the most prevalent conforming 30yr fixed rate quote remains 4.0% for top tier borrowers.  It continues to be the case that … Continue reading

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Mortgage Rates Holding Near 4 Percent

Mortgage rates were almost perfectly unchanged over the weekend.  Most lenders are still right in line with Friday’s most prevalently-quoted conforming 30yr fixed rate of 4.0% for top tier borrowers.  That said, most of those rate sheets also still have … Continue reading

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Mortgage Rates Mildly Lower; Volatile Week Ahead

Mortgage rates caught a break today and were able to ease just slightly lower heading into the weekend.  This is somewhat refreshing because yesterday’s bigger move higher was the kind of thing that historically results in further upward pressure.   The … Continue reading

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Mortgage Rates Actually Moved Higher Today

Mortgage rates did as expected and departed their recently more stable range today.  Unfortunately, we got the less enjoyable of the two potential departures with rates moving higher at a moderate pace.  At the same time, the world’s most widely-followed … Continue reading

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Mortgage Rates at a Standstill, but not for Long

Mortgage rates had their single flattest day since October 2nd today.  This is the polar opposite of last week’s exceptional volatility.  The most interesting thing about it is that this is the way rates typically respond to that kind of … Continue reading

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Mortgage Rates Sideways to Slightly Higher

Mortgage rates continue to bide their time, holding just under 4 percent on average.  Some borrowers might see their quote move up .125% from yesterday, but others will be quoted the same rate with slightly higher closing costs.  A few … Continue reading

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Mortgage Rates Holding Under 4 Percent

Mortgage rates returned to levels best characterized as “under 4 percent” today after drifting higher on Friday.  Last Wednesday was the first foray into the “high 3′s” in more than 16 months.  Not every scenario will be seeing those high … Continue reading

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Mortgage Rates Mixed to End Wild Week

Mortgage rates moved slightly higher today, continuing a pull back from the best levels in 16 months on Wednesday.  That said, apart from the first 3 business days of this week, today’s rates would also qualify as th16-month lows.  The … Continue reading

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