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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 – 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 – 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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WEEKLY RATE – INTEREST RATES HOVERING AT RECENT HIGHS

WEEKLY RATE – Interest Rates Hovering At Recent Highs It’s true, mortgage rates have drifted higher but since rates have moved in such a narrow range since January, rates aren’t really much higher than they have been. On Friday, mortgage interest rates were fluctuating near 3 month highs, but were only about .125% higher than […]

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WEEKLY RATE – Interest Rates Move Up .125%

WEEKLY RATE – Interest Rates Move Up .125% I hope everyone had a happy and safe 4th of July!! After floating around 8 month lows the week before, interest rate pricing took a turn for the worse starting on Tuesday of last week. From Tuesday to Monday July 3rd, interest rate pricing increased every day.  […]

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WEEKLY RATE – Interest Rates Float Around 8 Month Lows

WEEKLY RATE – Interest Rates Float Around 8 Month Lows Rates and the bond market have stayed in a relatively narrow range for the past month. Interest rates continue to float right around 8 month lows – the lowest levels since before the election. That being said, prospects for rates moving higher on the horizon […]

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WEEKLY RATE – Interest Rates at close to lowest levels of 2017

WEEKLY RATE – Interest Rates at close to lowest levels of 2017 Interest rates improved on the Tuesday after Memorial Day, after remaining flat heading into the long weekend. The Mortgage Backed Security Market (MBS) closed last week even and traded up + 22 bps, on Tuesday, May 30th. Overall, interest rates have only been […]

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