From Matthew Graham at Mortgage News Daily: Mortgage Rates Surge 0.125% Higher Mortgage rates spiked quickly today, capping a 3-day run leading back up from the lowest levels in more than a year. Today’s move was by far the biggest and it leaves the average lender offering rates that are at least an eighth...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Start Week Near Long-Term Lows Mortgage rates were roughly unchanged to begin the week. That means they are staying in line with the lowest levels in more than a year. Only 2 or 3 days have been any better, depending on the lender, and the...
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Weekend:• Schedule for Week of February 17, 2019 Tuesday:• 10:00 AM, The February NAHB homebuilder survey. The consensus is for a reading of  59, up from 58. Any number above 50 indicates that more builders view sales conditions as good than poor. From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 and DOW futures...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Now at 2-Month Lows Mortgage rates didn’t really improve today for the average lender, but they did manage to hit the lowest rates in 2 months on a technicality. The reason for this is simple. There was a big gap between the rates seen on...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Stay Near Recent Lows as Busy Week Begins Mortgage rates didn’t move today, despite a fair amount of underlying market volatility. … Holding steady today means that rates remain at their lowest levels in just over 2 weeks. That sounds like a good thing, but...
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Tuesday:• At 6:00 AM ET, NFIB Small Business Optimism Index for September. Calculated Risk
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher After Mid-Day Change Mortgage rates began the day in decent shape relative to last week. The average lender’s rate/fee combo was at least as low as it had been on Friday. As the day progressed, however, underlying bond markets continued to weaken. For...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Near Recent Highs Mortgage rates edged up to the highest levels in several weeks today. Only a handful of days from mid-May stand between current levels and the highest rates in 7 years. That sounds a bit more dramatic than it is. Rates have been...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Still Waiting to Make a Move Mortgage rates have been exceptionally sideways for nearly 2 weeks now–this after hitting the highest levels in more than 4 years on April 25th. emphasis added Tuesday:• At 3:15 AM ET, Panel Discussion, Fed Chair Jerome...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Back to Unchanged After Starting Higher Mortgage rates began the day at higher levels, as bond markets lost ground overnight. Bonds dictate rates, and “losing ground” means bond prices are falling. When bond prices fall, rates move higher.…As bonds improved, most lenders ended up releasing...
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