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WEEKLY RATE – HIGHER RATES GET RELIEF ON MONDAY

WEEKLY RATE – HIGHER RATES GET RELIEF ON MONDAY I hope everyone is having a fantastic week!! In this weekly rate we discuss: – The volatility in the interest rate markets WEEKLY INTEREST RATE PRICING: Last week, interest rates continued rising which has been the case for most of the past 2 months. Interest rates […]

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WEEKLY RATE – FED RATE HIKE LIKELY COMING IN DECEMBER

WEEKLY RATE – FED RATE HIKE LIKELY COMING IN DECEMBER I hope everyone is having a fantastic week!! In this weekly rate we discuss current interest rate news and an important change to the Arizona Down Payment Assistance Program. Starting off with interest rates. WEEKLY RATE Interest rates improved slightly in the last week of November 2017. Rate […]

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WEEKLY RATE – TABLE IS SET FOR HIGHER RATES

WEEKLY RATE – TABLE IS SET FOR HIGHER RATES Interest rate pricing had a bad week. The Mortgage Backed Security (MBS) market closed down heavily 3 of the 5 days, finishing the week closing down – 54 bps. More importantly, the table is set for potential rapid rate increases. The Senate passed the budget, opening […]

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WEEKLY RATE – Rates Reverse Course

WEEKLY RATE – RATES REVERSE COURSE Interest rates hit their highest levels in 4 months last week. Starting on Friday, we finally saw some strength in the bond markets which have helped rates reverse course. The Mortgage Backed Security (MBS) market closed the past 3 days up + 33 bps after finishing higher the past […]

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WEEKLY RATE – FED INTEREST RATE DECISION THIS WEDNESDAY

WEEKLY RATE – FED INTEREST RATE DECISION THIS WEEK Mortgage interest rates have steadily risen over the past week. The Mortgage Backed Security (MBS) market closed last week down -26 bps, and closed Monday down – 6 bps. Not a huge move, but interest rates have definitely moved off the 2017 lows they were at […]

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WEEKLY RATE – RATES MAKE MOVE HIGHER

WEEKLY RATE – Rates Make Move Higher After hitting the lowest levels of the year on Tuesday, September 5th, mortgage interest rates have steadily risen. The Mortgage Backed Security (MBS) market closed the past 5 days down – 20 bps. Not a drastic movement higher, but enough to move interest rates off their recent lows. […]

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WEEKLY RATE – Rates Go Deeper Into 2017 Lows

WEEKLY RATE – Rates Go Deeper Into 2017 Lows Interest rates dove deeper into their lowest levels of 2017 and the lowest levels since November 2016. Tension between North Korea and the United States is causing some investors to push funds into the safety of the bond market, which is certainly helping interest rates at […]

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WEEKLY RATE – Interest Rates Remain at 2017 Lows

WEEKLY RATE – Interest Rates Remain at 2017 Lows Interest rates remain at 2017 lows and at their lowest levels since November of 2016. The 2 speeches from major financial leaders Janet Yellen and Mario Draghi didn’t touch on any significant change in monetary policy for the FED or the European Central Bank. Last week, […]

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WEEKLY RATE – Rates Hit 2017 Lows

WEEKLY RATE – Rates Hit 2017 Lows Interest rates trended down last week, ending at the lowest levels we’ve seen in 2017 and since November of 2016. 15, 20 and 30 Year Fixed rates are entrenched well in the 3%’s. Now is a great time to reevaluate your mortgage to see if you can save […]

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WEEKLY RATE – INTEREST RATES REMAIN STABLE

WEEKLY RATE – Interest Rates Remain Stable Interest rates continue to ebb and flow, but remain remarkably consistent when looking at rate pricing over a week or longer period. 30 Year Fixed rates are still sticking in the high 3%’s with less than a point and 4.125% at 0 points. The Mortgage Backed Security (MBS) […]

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