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Rate Roundup

Mortgage Rates have been higher almost exclusively for the past 2 weeks.  Yesterday was no exception as the Federal Reserve released a rate hike forecast that was slightly more optimistic than markets were expecting.  By yesterday afternoon, the average 30yr fixed mortgage rate was at its highest levels in over a month. The Fed news justified a defensive […]

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Rate Roundup

Mortgage Rates had been holding in a narrow range near their highest levels in roughly 3 months over the past few days.  Despite some stability in underlying bond markets, lenders had hesitated to make meaningful adjustments to rate sheets (in their defense, there wasn’t much to work with).  That all changed today after Fed Chair Yellen’s […]

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Rate Roundup

Mortgage Rates are higher again today, with the average lender now back to levels not seen since May 16th, 2017.  Unless you’ve been following every little day-to-day change in rates, the apparent drama over the past few days is laughable.  In the worst cases, some borrowers are now seeing rate quotes that are an eighth of percentage […]

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Rate Roundup

Mortgage Rates were slightly higher for the 3rd straight day, continuing a modest bounce back from the year’s lowest rates last Wednesday.  In a nutshell, bond markets (which dictate mortgage rates) reacted in a big way to last week’s political headlines, and have since been biding their time as markets wait for further developments.  In the current […]

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Rate Roundup

Mortgage Rates surged significantly lower today, as a part of a broad-based market movement following a political scandal that began taking shape yesterday afternoon.  You can choose your preferred media outlet to digest all of the details, but the issue surrounds communications between Trump, former FBI Director Comey, and the potential for the details of those […]

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Rate Roundup

Mortgage Rates were steady to slightly higher again today, making it the 13th out of the past 16 business days without an improvement.  The situation was more palatable earlier this morning and quite a few lenders were actually in better territory vs yesterday.  As the day progressed, bond markets (which dictate mortgage rates) deteriorated, resulting […]

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Rate Roundup

Mortgage Rates moved higher today, bringing them back in line with the highest levels in nearly a month.  That sounds a bit worse than it actually is, due to the narrow range of rates over that time.  In fact, most prospective borrowers would be quoted the same rate as yesterday, with the only difference being slightly […]

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Rate Roundup

Mortgage Rates moved lower today, following a policy announcement from the European Central Bank (ECB).  Some investors were concerned the ECB might begin sprinkling in clues about rate hikes or an early end to bond buying programs, but there was no such drama in the announcement or the press conference that followed. If you’re not familiar with […]

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Rate Roundup

Mortgage Rates moved lower today–significantly in some cases–with the average lender making it back to 2017’s lows for the first time since January.  Rates came close to 2017’s lows in late February and again last week before officially crossing the line today. Bond markets (which drive mortgage rates) benefited from investors seeking safe haven after headlines broke […]

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Rate Roundup

Mortgage Rates rose slightly again today, despite moderate improvement in underlying bond markets.  Typically, bond market improvement corresponds to lower rates.  Today was an exception because of the timing of recent volatility.  Friday afternoon saw a sharp deterioration in bond markets (implies rates moving higher), but for many lenders, it was too late in the day […]

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The Day Ahead

Yesterday’s bond market activity suggested that traders definitely had some sort of agenda that went beyond a mere punching of the clock.  Even with China being out on holiday, volumes were very high–especially for a Monday.  Then there was the movement itself: one of the year’s bigger rally days, taking yields very close to 2017’s […]

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Rate Roundup

Mortgage Rates improved today, hitting the lowest levels in more than a month.  Bond markets (which underlie mortgage rates) generally improved last week as the new administration’s ability to get policy changes through Congress was called into question by the breakdown of the new healthcare bill.  As of last week, there was some hope that […]

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Rate Roundup

Mortgage Rates were lower for the 7th day in a row today, further extending their push into the lowest levels of the month.  At first, that positive movement was driven by relief that the Fed’s rate hike outlook didn’t accelerate as much as investors expected.  That motivation ran its course by the end of last week. Since […]

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