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Worst Week Since June for Mortgage Rates

Mortgage rates remained at 9-month highs today, with most lenders in worse shape than yesterday.  In the morning, the sky hadn’t yet fallen, the average lender was right in line with yesterday’s 9-month highs, but at least we weren’t any worse off...

Be Careful With News on Mortgage Rates Today

It’s Thursday, which means Freddie Mac released its weekly update on mortgage rates.  This is typically not that big of a deal because mortgage rates don’t tend to move enough in the short term to expose the shortfalls of Freddie’s methodology.  To...

Mortgage Rates Highest in 9 Months

Mortgage rates were only moderately higher today, but the move was enough to officially bring them to the highest levels since the Spring of 2017.  In other words, most lenders’ rate quotes are fairly similar to recently bad days (like last Wednesday), but in...

Mortgage Rates Still Working on That Ceiling

Mortgage rates didn’t move much today.  Most lenders were just slightly lower/better this morning, but mid-day market weakness prompted several of them to reissue higher rates.  In the bigger picture, however, the past several days represent a welcome stint of...

Mortgage Rates Catch a Break With Help From Treasuries

Mortgage rates caught a break today, moving lower for the first time this week and pushing back from the highest levels since early July 2017.  Like yesterday, strong demand at a Treasury auction helped US bond markets, but notably, only the longer-term maturities...

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