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Mortgage rates rose meaningfully today, with most lenders coming close to the highest levels in more than 2 years (on December 1st). Keep in mind though, that my daily assessment puts rate movement under a microscope , so "rose meaningfully" is a relative term. In fact, many lenders are quoting the exact same contract rates today compared to yesterday, with the only deterioration being seen in the form of higher upfront costs (or lower lender credit, depending on the scenario). Even so, there was enough movement to shift the average lender's top tier conventional 30yr fixed quote up to 4.25% although 4.125% is nearly as prevalent. Today's market movement had to do with investor anxiety heading into a few challenging days at the beginning of next week. In addition to the Fed announcement on
Mortgage Rate Watch
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Mortgage rates rose meaningfully today, with most lenders coming close to the highest levels in more than 2 years (on December 1st). Keep in mind though, that my daily assessment puts rate movement under a microscope , so "rose meaningfully" is a rel... (read more)
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Housing News
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A post on CoreLogic's blog just came to our attention. It was written (by Stuart Pratt, the company's newly appointed senior vice president of Government and Industry Relations.) a little over a week ago so some of what Pratt, with a tip of the hat t... (read more)
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Rob Chrisman
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Here’s something you won’t see in North America: the sale and transfer of 1.3% of the last mass of the continent. It just happened in Australia with the purchase of the Kidman Estate . (No relation to Nicole.) For Australians Christmas co... (read more)
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MBS Commentary
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Bonds weren't entirely clear in telling us if yesterday's ECB tapering announcement was a " good thing that simply needed to be digested," or if it was another brick in the recent wall of pain . The technical levels in the following chart c... (read more)
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MBS Commentary
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You're familiar with the sippy bird (or " drinking bird ")? For years, these little birds have been offering traders the ability to get out of the office early with no one noticing. Conditions have to be just right though. Specifica... (read more)
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Housing News
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A post on CoreLogic's blog just came to our attention. It was written (by Stuart Pratt, the company's newly appointed senior vice president of Government and Industry Relations.) a little over a week ago so some of what Pratt, with a tip of the hat t... (read more)
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