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Mortgages Stories

Mortgage Rates Fall Ahead of European Central Bank Announcement

Mortgage rates moved moderately lower today, as financial markets positioned themselves for an important announcement from the European Central Bank (ECB) tomorrow regarding the possibility of tapering its asset purchases.  Much like the market movement seen in late 2013 following the Fed’s … Continue reading

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Mortgage Rates Hold Eerily Steady

Mortgage rates barely budged today, with most lenders offering the exact same quotes as yesterday.  While we have seen a few days with similar day-over-day results recently, most of those involved intraday ‘reprices’ (i.e. lenders changing rates in the middle of the … Continue reading

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Mortgage Rates Bounce Lower Despite Jobs Report

Mortgage rates erased yesterday’s losses after today’s jobs report, though not necessarily because of it.  The Employment Situation (affectionately referred to as “the jobs”) is traditionally one of the biggest sources of market movement.  So when rates make a big move following … Continue reading

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Mortgage Rates Surge Above 2-Year Highs

Mortgage rates spiked abruptly today, bringing them to the highest levels in well over 2 years.  The average lender is now quoting conventional 30yr fixed rates of 4.25% on top tier scenarios with more than a few already up to 4.375%.  You’d … Continue reading

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Mortgage Rates Lowest in a Week

Mortgage rates continued lower today.  While the pace of improvement was slightly slower, it was enough to get the average lender rate sheet back to levels seen last Tuesday.  That makes this the first time since before the election that rates … Continue reading

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Mortgage Rates Fall at Fastest Pace Since Brexit

WARNING: this article’s headline makes the overall mortgage rate situation sound much better than it actually is.  While it is indeed a fact that today’s rates are lower than the previous business day’s rates by the widest margin since Brexit, caveats … Continue reading

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Mortgage Rates Little-Changed as Markets Close Early

Mortgage rates were unchanged-to-slightly-higher today, depending on the lender.  Most lenders put out rate sheets in fairly conservative territory on Wednesday for the express purpose of not needing to mess with them too much today.  With the Friday after Thanksgiving being an … Continue reading

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Mortgage Rates Quickly Approach 2-Year Highs

Mortgage rates move abruptly higher today, bringing the average lender very close to the highest levels in more than 2 years.  As it stands, rates are officially at 17-month highs, with June 26th, 2015 being the last day where rates were any … Continue reading

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Mortgage Rates Continue Fighting to Build a Ceiling

Mortgage rates stayed mostly steady today, on average.  For the record, that means some lenders were in slightly better shape versus yesterday’s latest levels while others were in worse shape.  This is always the case on days where rates remain unchanged … Continue reading

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Mortgage Rates Hold Steady at 17-Month Highs

Mortgage rates called in sick today, effectively doing nothing to move higher or lower from last Friday, on average.  For the record, that means some lenders will have improved just slightly while others are in slightly worse shape.  In all cases, … Continue reading

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