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Mortgage Rates Slightly Higher

Mortgage Rates Slightly Higher

Mortgage rates moved higher today, but the changes were minimal for most lenders.  Bond markets (which underlie interest rates) have been searching for inspiration recently and largely coming up short.  This morning contained several economic reports and the House...

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Mortgage Rates Lower After Inflation Data

Mortgage Rates Lower After Inflation Data

Mortgage rates fell today, largely in response to the past two days of bond market improvement.  In other words, lenders had been keeping their guard up ahead of today's key inflation data (The Consumer Price Index, or "CPI").  While it's true that a strong CPI report...

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Mortgage Rates Sideways to Slightly Higher

Mortgage Rates Sideways to Slightly Higher

Mortgage rates were unchanged to slightly higher today, keeping them in line with their highest levels in more than 2 weeks, depending on the lender.  Bond markets (which underlie mortgage rates) were in slightly better shape this morning, but that failed to translate...

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Mortgage Rates Jump to 2-Week Highs

Mortgage Rates Jump to 2-Week Highs

What a difference 2 days make! Freddie Mac's weekly rate survey was out yesterday prompting multiple news outlets to declare "slightly lower rates" on the week.  Given that Freddie's survey only gathers responses through any given Wednesday, the results jived with...

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Mortgage Rates Steady at 3-Week Lows

Mortgage Rates Steady at 3-Week Lows

Mortgage rates held steadier today after spending 6 of the past 7 days moving lower.  They're now at their lowest levels in roughly 3 weeks and fairly close to reentering the lower range that ended in September.  That all sounds pretty impressive, but day to day rate...

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Mortgage Rates Drift Calmly Down to 3-Week Lows

Mortgage Rates Drift Calmly Down to 3-Week Lows

Mortgage rates continued lower today, despite a blatant lack of underlying motivation in financial markets.  By that, I mean that we haven't seen any obvious cause and effect relationships between news, economic data, and bond market movements (which, in turn, drive...

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Mortgage Rates Roughly Unchanged After Jobs Report

Mortgage Rates Roughly Unchanged After Jobs Report

Mortgage rates were mostly sideways today although a few lenders offered token improvements.  When we talk about small improvements in "mortgage rates," we're often dealing with the "upfront cost" side of the equation that dictates the overall cost of financing.  The...

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