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Mortgages Stories

Mortgage Rates Edge Slightly Lower After Jobs Data

Mortgage rates made an anti-climactic move lower today after the big jobs report proved slightly disappointing to markets.  Stocks and bond yields both fell after the Bureau of Labor Statistics said only 223k jobs were created in June compared to a … Continue reading

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Mortgage Rates Rise Ahead of Big Jobs Report

Mortgage rates gave up recently-enjoyed gains today.  This brings them to the week’s highest levels (and the 3rd highest in 2015) a day before the all-important Employment Situation Report.  Also referred to as “the jobs report” or simply “nonfarm payrolls,” this … Continue reading

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Mortgage Rates Modestly Lower as Risks Increase

Mortgage rates had their 2nd straight day of improvements today–something that’s been uncommon since the beginning of May.  Additionally, the slight drop in rates was belied by the market movement.  The bond markets that inform lenders rate sheets actually pointed … Continue reading

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Mortgage Rates Erase One Day of Losses. More Volatility Ahead

Mortgage rates spiked to the highest levels of the year on Friday after hovering close to them for several days.  But news out of Europe over the weekend caused major movement in financial markets at the start of the day.  One … Continue reading

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Mortgage Rates Hit New 2015 Highs

Mortgage rates were already hovering near 2015 highs as of yesterday.  Today’s spike sent them easily above the previous annual high, set on June 10th.  Normally, day to day market movement isn’t big enough to cause a change in the … Continue reading

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Rates Continue Hovering Near 2015 Highs

Mortgage rates remained near recent highs for a 2nd straight day after rising quickly on the first two days of the week.  With the exception of only one other day, the past 3 days have been worst of 2015.   … Continue reading

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Rates Continue Hovering Near 2015 Highs

Mortgage rates remained near recent highs for a 2nd straight day after rising quickly on the first two days of the week.  With the exception of only one other day, the past 3 days have been worst of 2015.   … Continue reading

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Mortgage Rates Sideways Despite Market Improvements

Mortgage rates barely budged in most cases today.  Some lenders were just slightly better.  Others were worse.  The average rate quote is unchanged vs yesterday with most lenders still offering conventional 30yr fixed rates of 4.125% on top tier scenarios.   … Continue reading

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Mortgage Rates Caught in ‘Elevator Up, Stairs Down’ Cycle

Mortgage rates, true to recent form, can’t catch a break.  Just when we think we might be seeing a glimmer of hope, we’re treated to several days of painfully higher rates.  Of course, all of this is playing out over … Continue reading

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Mortgage Rates Spike, Erasing 4 Days of Gains

Mortgage rates had been walking a slow, steady path of improvement since hitting 8 month highs on June 10th.  From then on, there were only 2 days where rates did NOT improve.  As of last Friday, the average conventional 30yr … Continue reading

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