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Mortgage Rates Hold Steady at 3-Week Lows

Mortgage rates stayed steady at the lowest levels in more than 3 weeks as financial markets are still accounting for additional risks relating to Turkey.  Simply put,…

Lowest Mortgage Rates in Several Weeks

Mortgage rates finally did what they were supposed to do today.  Specifically, they fell in response to bond market improvement.  That’s the way it should be, but…

Mortgage Rates Edge Higher Despite Market Improvement

Mortgage rates were modestly higher today.  Much like yesterday, there’s a catch!  Yesterday’s catch was that underlying bond markets had weakened enough during the day that today’s…

Mortgage Rates Drift Modestly Lower

Mortgage rates were slightly lower for the 3rd straight business day, but not for any particular reason.  Because of the relatively narrow range, rates are now technically…

Mortgage Rates Slightly Higher Despite Flat Markets

Mortgage rates moved slightly higher today.  Yet again, underlying bond markets suggested another fate.  In other words, if mortgage rates were perfectly tied to underlying bond markets,…

2 Paradoxes For Mortgage Rates

Mortgage rates were microscopically higher today, which is paradoxical on two levels.  The first paradox has to do with today’s bond market improvements.  Bonds underlie rates and…

Mortgage Rates Edge Slightly Higher

Mortgage rates moved modestly higher today after holding in roughly the same territory for the past 3 days.  This brings them back in line with last Thursday’s…