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Mortgage Rates Stuck in The Mud

Mortgage rates were unchanged yet again, making this the third day in a row at essentially the same levels.  Strikingly, underlying market movement was quite different…

Mortgage Rates Appallingly Unchanged Relative to Market Movement

Mortgage rates were roughly unchanged today.  That’s an appalling reality considering the movement in underlying bond markets.  Bonds–specifically, mortgage-backed securities (MBS)–are the primary input used by…

Mortgage Rates Barely Budge Despite Market Volatility

Mortgage rates didn’t move much for the second day this week.  Unlike yesterday, there was a relatively massive amount of volatility in underlying financial markets.  This was…

Mortgage Rates Little-Changed to Begin The Week

Mortgage rates didn’t move much today.  Lenders who made changes to Friday’s rate sheets generally did so toward slightly higher rates.  Actually, it would be more precise…

Rates Edge Back Toward Long-Term Highs

Mortgage rates failed to extend yesterday’s modest improvement, moving modestly higher by the end of the day.  This takes the average lender very close to the long-term…

Mortgage Rates Recover With Help From an Old Friend

Mortgage rates recovered most of yesterday’s losses today, following turmoil in European financial markets.  What does Europe have to do with rates in the US?  A lot,…

Mortgage Rates Back up to Recent Highs

Mortgage rates moved higher at a quicker pace today, following the release of the Minutes from the most recent Fed meeting.  But correlation isn’t necessarily causality in…

Mortgage Rates Modestly Higher Ahead of Fed Minutes

Mortgage rates didn’t move much today.  Some lenders were perfectly unchanged, but the average lender was just slightly higher.  That’s at odds with underlying bond market…

Mortgage Rates Stay Steady, Waiting For a Sign

Mortgage rates were sideways to slightly higher today, prolonging a 3-day trend of exceptionally light volatility.  The 5 days before that (beginning on Wednesday, October 3rd)…