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Mortgage News

Worst Week Since June for Mortgage Rates

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 than yesterday. ...

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Be Careful With News on Mortgage Rates Today

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 be perfectly fair...

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Mortgage Rates Highest in 9 Months

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 terms of...

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Mortgage Rates Still Working on That Ceiling

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...

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Mortgage Rates Highest in 6 Months

Mortgage Rates Highest in 6 Months

Mortgage rates rose again today, adding to a nasty 2-day streak that's taken the average 30 yr fixed rate an eighth of a point higher.  That's an uncommonly big 2-day move, and it brings rates to their highest levels since early July 2017.  Of potentially more concern...

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Mortgage Rates Back Near Recent Highs

Mortgage Rates Back Near Recent Highs

Mortgage rates rose today, largely due to bond market movement from the end of last week that never made it onto last week's rate sheets.  Specifically, the bond markets that underlie mortgage rate movement had a fairly bad day last Friday, but not until after most...

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