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Mortgage Rates Move a Hair Lower to Start The New Week

After the intense volatility seen earlier in August, the average change for mortgage rates on any given day has been shrinking. Last week was a mere shadow of the former week which, in turn, was nowhere close to the week before that. If Monday is any indication, the present week will attempt to keep

Rates Are Settling Down After 2 Wild Weeks

Mortgage rates had a much calmer week this week compared to the previous 2.  The average top tier 30yr fixed rate held a fairly narrow range between 6.49 and 6.58, with Friday's latest move being a decent drop back to 6.56%.  Contrast that 0.09% range to the previous two weeks, which saw r

Rates Jump Higher After Upbeat Economic Data

Mortgage rates had moved a bit lower since their most recent high last Thursday.  By yesterday afternoon, the average lender had moved down to 6.49 from just under 6.63 for a top tier conventional 30yr fixed purchase. After this morning's economic data, almost all of that improvement was erased