Mortgage Rates

Mortgage Rates Continue Healing, But Remain Well Above Recent Lows

Posted To: Mortgage Rate Watch Mortgage rates had another solid day today–this time without any of the early drama seen yesterday. If you’re just getting caught up, the bond market (which drives day-to-day interest rate movement) has been selling off aggressively since the Jan 5th Georgia senate election. When bonds sell-off, it means bond PRICES are getting lower and bond …

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Mortgage Rates Find Some Support After an Ugly Start

Posted To: Mortgage Rate Watch Mortgage rates were off to a very bad start this morning, but recovered a portion of what they lost by the end of the day. The specifics depend greatly on the lender in question. Sadly, few if any lenders are still able to offer the rates seen yesterday. To make matters worse, yesterday’s rates were …

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Rates Rising at Fastest Pace in Months

Posted To: Mortgage Rate Watch Mortgage rates are coming off a rough week– the roughest , in fact, since June 2020 by some measures. That’s the last time rates rose this quickly for market-driven reasons. There were a few instances of bigger moves in Aug/Sept as the new refinance fee was announced, delayed, and ultimately implemented. Either way, things aren’t …

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Mortgage Rates Kick Off 2021 by Hitting a New Record Low

Mortgage rates hit new record lows as 2021 commenced, with the average rate for a 30-year, fixed-rate mortgage dropping to 2.65%, down from 2.67% last week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 3.64%. “A new year, a new record low mortgage rate,” says Sam Khater, …

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Mortgage Rates Drop to New Historic Low

Mortgage rates hit yet another record low this week, as the average rate for a 30-year fixed rate mortgage dropped to 2.67%, down from 2.71% last week and down from 3.73% a year ago, according to Freddie Mac’s Primary Mortgage Market Survey. It was the first time in the survey’s history, which dates to 1971, that the average rate for …

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Mortgage Applications Increased as Rates Hit Yet Another Record Low

Mortgage application volume increased 1.1% on an adjusted basis during the week ended Dec. 11, as mortgage rates continued to hover near record lows, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances increased 1% from the previous week while applications for purchases increased 2%. Year-over-year, applications for refinances were up 105% while applications for purchases …

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