Mortgage Rates Begin The Month With a Modest Victory

While the past 5 months have been well-stocked with victories for mortgage rates, the past week and a half brought a bit of a pull back.  Most of that upward momentum can be chalked up to rates rushing to get into position for the Fed's rate cut on September 18th.  It's actually quite a bi

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Mortgage Rates Moderately Higher to Begin The Week

Mortgage rates have generally been moving higher since the Fed cut rates 2 weeks ago.  We've discussed and explained that paradox exhaustively and can now move back to tracking the normal array of cause and effect in the rate market. The first day of the new week kept the trend of steady rate i

Refi Booms, Loan Limits, and Mortgage Rate Misdirection

'Tis the season for things to be something other than what they appear to be, apparently. Lenders are talking about new loan limits, but they haven't officially changed. News stories are saying rates went lower this week, but they're higher. And there's even talk of a big refi boom, but as you may h