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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From Matthew Graham at Mortgage News Daily: 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. … Lenders normally need to see a certain amount of market movement by a certain time...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Rise Only Slightly Despite Weaker Market Cues Mortgage rates bounced modestly higher today, bringing the average lender back in line with last Wednesday’s levels. Bond markets (which underlie mortgage rate movement) suggested a slightly bigger bounce. We may not have seen such a bounce simply...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Flat as Markets Get Back to Business Mortgage rates were almost perfectly unchanged today as markets returned to full force following the extended Thanksgiving break . Bond markets (which dictate mortgage rate momentum) had been consolidating in a narrower and narrower range...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Lowest in a Week Mortgage rates recovered even more of their recent losses today … Whether this proves to be a turning point in the bigger picture remains to be seen.  Rates are in a well-established uptrend.  Tuesday:• At 9:15 AM ET, S&P/Case-Shiller...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Mixed, but Higher on Average Mortgage rates were lower today for a few lenders, but higher for most others, dragging the average 0.01% higher in terms of effective rates.  Note rates (which don’t factor in the upfront costs associated with a loan quote), on the other hand,...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Jolted Higher, Relatively Mortgage rates finally had a bad day, but everything’s relative.  This sort of bad day leaves the average lender quoting rates that would have been the best of 2017 any other time before last week.  It’s only when compared to last week that...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Higher Despite Friendly Market Movement Mortgage rates are largely dictated by movements in bond markets–specifically mortgage-backed securities (MBS).  When bonds improve, prices rise and investors are willing to pay more to buy loans.  This results in rates moving lower.  In other words, bond market improvement =...
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