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Mortgages Stories

Mortgage Rates Inch Higher Ahead of Fed Minutes

Mortgage rates were just slightly higher today, leaving them roughly in the center of a range that’s persisted since mid-November.  During that time the average top-tier conventional 30yr fixed rate has been briefly as high as 4.5% and as low as 4.0%. … Continue reading

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Mortgage Rates Finally Find Some Traction

After spending the past 5 business days moving higher, mortgage rates finally found their footing today.  The improvement came in phases, with today’s first round of rate sheets only marginally better than yesterday’s.  Bond markets (which underlie rate movement) surged into stronger … Continue reading

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Mortgage Rates Approach 3-Week Highs

Mortgage rates rose for the 5th day in a row following a higher reading in this morning’s inflation data and an upbeat Retail Sales report.  In general, stronger economic data and higher inflation motivate investors to move money out of the bond … Continue reading

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Losing Streak Continues for Mortgage Rates

Mortgage rates moved higher for the 4th straight day today, following Fed Chair Janet Yellen’s congressional testimony.  It wasn’t that Yellen’s speech or Q&A contained any major surprises.  Rather, bond markets (which dictate rates) were simply looking for some indication of … Continue reading

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Mortgage Rates Slightly Higher Ahead of Yellen Testimony

Mortgage rates stood at their lowest levels in more than 2 months as of last Wednesday, but have since moved higher for 3 straight days.  This leaves them roughly in the middle of their recent range–seemingly ready to move in either … Continue reading

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Rates Remain Lower vs Last Week Despite Rising Today

Mortgage rates continued higher today, bringing them back in line with Monday’s levels.  Part of the rise was due to weaker trading levels in bond markets.  Just as important is the fact that many lenders didn’t raise rates yesterday afternoon as the … Continue reading

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Winning Streak Ends For Mortgage Rates

Mortgage rates finally moved higher after three straight days of solid improvement.  If it’s any consolation, today’s rise wasn’t on par with even one of the past 3 days of gains, although that could change by tomorrow morning.  Weakness in the bond … Continue reading

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Mortgage Rates Doing Very Well This Week

Mortgage rates fell for the third straight day today.  Each day has seen moderate improvement.  Taken together, they add up to a strong move lower from last week’s levels (which were roughly in the lower-middle of the post-election range).  The result is … Continue reading

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Mortgage Rates in Line With 3-Week Lows

Mortgage rates moved lower again today as investors remained cautious amid political uncertainty at home and abroad.  Stocks began the day higher but lost ground throughout the day–indirectly helping rates.  That’s not to suggest mortgage rates routinely take cues from stocks.  Rather, … Continue reading

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Mixed Day Leaves Rates Slightly Higher

Mortgage rates were noticeably lower this morning as bond markets responded favorably to the important jobs report.  While the headline job growth was stronger than expected (typically bad for rates), wages came in much lower than expected and were revised lower for … Continue reading

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