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Mortgage rates moved moderately higher today, but remained well within the range that's been intact for at least a month now. During that time, the average conventional 30yr fixed rate quote hasn't moved more than an eighth of a percentage point (0.125%). Contrast that to some of the more volatile individual days for the bond market which have resulted in that much movement in the space of a few hours. Interestingly enough, several days during that time have actually come close to that level of volatility, but the trick is that subsequent days were quick to push back in the other direction (thus keeping the range narrow despite moderately high volatility from day to day). At the moment, rates are arguably best described as being in a mild uptrend over the past few weeks. When it comes to planning
Mortgage Rate Watch
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Mortgage rates moved moderately higher today, but remained well within the range that's been intact for at least a month now. During that time, the average conventional 30yr fixed rate quote hasn't moved more than an eighth of a percentage point (0.1... (read more)
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MBS Commentary
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With trading activity rapidly winding down and with the end of the year rapidly approaching, rather than send you a forced rehash of the same old commentary from the past few days (seriously, yesterday's comments are just as relevant today), I will i... (read more)
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Rob Chrisman
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My background is in capital markets, with a razor-sharp mind for figures. Not anymore. Remember when you’d have dozens of phone numbers memorized? Now the only phone number I remember is 867-5309, Jenny’s. (For anyone under the age of 40,... (read more)
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Housing News
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The volume of mortgage applications retreated this past week, giving back most of the gains scored during the week ended December 6 following the Thanksgiving week lull. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measur... (read more)
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Housing News
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The numbers for November residential construction permits and housing starts came in higher than expected , marking the second straight month of increases and putting the rate for both well ahead of last year. Housing completions were down significan... (read more)
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Housing News
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Home builders ended the year with an apparent outbreak of euphoria. Responding to higher trending sales and low interest rates they sent the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) soaring to its highest re... (read more)
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