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Mortgages Stories

Mortgage Rates at a Standstill Just Above 2014 Lows

Mortgage rates moved lower for a second straight day following a much-anticipated speech from Federal Reserve Chair Yellen in Jackson Hole.  While she didn’t break any new ground in terms of what we should expect from Fed policy, there was … Continue reading

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Mortgage Rates Move Higher After Fed Minutes

Mortgage rates were higher for a third straight day as financial markets continue a measured correction from last Friday’s volatility.  At that time, headlines concerning Ukraine destroying a Russian armored convoy caused rates to move to their lowest levels in … Continue reading

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Mortgage Rates Slightly Lower Despite Stronger Economic Data

Mortgage rates ended a 3-day losing streak, moving modestly lower today.  This wasn’t the case in the morning, but several lenders released positively-revised rate sheets in the afternoon.  As such, some lenders still have slightly higher rates compared to yesterday, … Continue reading

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Mortgage Rates Continue Higher Erasing Last Week’s Gains

Mortgage rates continued moving higher today after headlines suggested a chance for deescalation in Ukraine.  It was the geopolitical risk in Ukraine that coincided with a strong move lower on Friday.  Strong economic data also contributed to the weakness as … Continue reading

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Mortgage Rates Higher, But Still Among Year’s Best

After hitting the lowest levels in over 2 months on Friday, mortgage rates bounced almost all the way back to Thursday’s levels.  That’s somewhat significant as the drop between Thursday and Friday was one of the strongest moves lower in … Continue reading

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Mortgage Rates Drop Quickly to 2-Month Lows on Ukraine Turmoil

There were numerous headlines swirling mid-morning concerning military violence between Ukraine and Russia.  Financial markets responded in a big way with stocks losing quit a bit of ground by noon and US Treasuries falling to their lowest levels since June … Continue reading

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Mortgage Rates Lower After Downbeat Economic Data

Mortgage rates improved just slightly today, but that’s a welcome result considering the way things had been shaping up.  If not for the weaker-than-expected report on Retail Sales, mortgage rates likely would have begun the day noticeably higher.  Fortunately, the … Continue reading

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Mortgage Rates Lowest in Over a Month

Mortgage rates made yet another small move lower, and this time it was enough to lay claim to the title of “lowest in over a month.”  This is more a factor of rates being very close to 1-month lows for … Continue reading

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Mortgage Rates Hold Ground at Recent Lows

While mortgage rates didn’t enjoy as strong of a move lower as US Treasuries last week, they were nonetheless right in line with their best levels since late June.  Any time bond markets make an abrupt move to highs or … Continue reading

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Mortgage Rates Start Strong, Fade in Afternoon

During the most normal of times in the mortgage world, rates will take cues mainly from economic data.  The stronger the economy, the more rates move up and vice versa.  The current dynamic, however, places an inordinate significance on other … Continue reading

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