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All week we said "wait until Thursday to lock", "mortgage rates will improve after the bond auction on Thursday", "the end of the week will be the best time to lock in your loan". The Treasury auction came and went. After the last round of debt was sold, $13 billion of 30...
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The bond market is closed in observance of Columbus Day. While mortgage-backed securities are not being traded today, several lenders have published rate sheets and many originators are still working...so dont be afraid to contact your loan officer! Last week ended on a sour note as prices of mortgage...
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Following weaker than expected data on retail sales and higher unemployment claims, consumer borrowing costs declined yesterday. Led by a post auction Treasury rally, price of mortgage backed securities moved higher yesterday, giving lenders the opportunity to drop mortgage rates a few basis points....
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The U.S. economy will continue to struggle between slowing growth and rising inflation. According to economists and strategists, markets will focus on U.S. advance retail sales, July CPI and the University of Michigan/Reuters consumer sentiment. U.S. markets will also receive U.S. trade balance, IBD...