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Daily Update: Mortgage Rates Push Slightly Further Into All-Time Lows

May 19, 2012 in Daily Mortgage Rates

Mortgage Rates Lower Still, But Progress Is Slow

Mortgage Rates improved marginally from yesterday’s new all-time lows. Without any major scheduled events to digest, bond markets were left to their own devices and paid a decent amount of attention to a sell-off in stocks. When yields in the broader bond markets move lower, MBS (the “mortgage-backed securities” that most directly influence lenders’ rates) tend to move lower in yield as well, allowing lenders to off lower costs, lower rates, or a combination of the two. With the recent move lower…

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Daily Update: Mortgage Rates Officially Hit New All-Time Lows!

May 18, 2012 in Daily Mortgage Rates

Mortgage Rates Officially Hit New All-Time Lows!

Mortgage Rates hit new all-time lows today. In most cases, lenders’ offerings are just slightly better across the board than they were in late January, the last time we officially noted “new all-time lows,” though some lenders are not quite back to their previous best levels. A much weaker-than-expected reading on a widely followed report on business conditions in the mid-Atlantic region gave rates markets a bit of an early jolt lower. From there, an absence of additional data gave way to technical…

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Daily Update: Mortgage Rates Steady At All-Time Lows Thanks To Europe And The Fed

May 17, 2012 in Daily Mortgage Rates

Mortgage Rates Steady At All-Time Lows Thanks To Europe And The Fed

Mortgage Rates are steady to slightly improved today following as Europe’s fiscal woes continue providing downward pressure on US interest rates. The forces at work keeping rates low were joined today by “minutes” from the most recent FOMC meeting. All told, several notable lenders are offering their all-time lowest interest rates while others remain close. Markets actually got off to a shaky start as far as rates were concerned. Had it not been for the European headlines and the FOMC Minutes , we…

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Daily Update: Mortgage Rates Hold Steady At All Time Lows

May 16, 2012 in Daily Mortgage Rates

Mortgage Rates Hold Steady At All Time Lows

Mortgage Rates paused their recent trend of moderate improvement today to hold steady near all-time lows. Despite an abundance of domestic economic data out this morning, r ates continue to be indirectly fueled by political and economic turmoil in the Euro-zone. After failing to form a new government, Greece today announced it would hold new elections. Investors fear that those left in power will lead Greece to back-out of the austerity pledges required by the EU and IMF for recent bailout monies…

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Daily Update: Mortgage Rates Match All-Time Lows; "Wall" Begins Cracking

May 15, 2012 in Daily Mortgage Rates

Mortgage Rates Match All-Time Lows; “Wall” Begins Cracking

Mortgage Rates continued a recent trend of moderate improvement fueled indirectly by political turmoil in Europe. The gains bring rates in line with all-time lows with some lenders priced slightly better and some priced slightly worse than than February’s record offerings. The current rate environment is causing the longstanding “wall” at 3.875% to begin to crack. The Conventional 30yr Fixed Best-Execution Rate is, for the first time since February, edging down to straddle 3.75% and 3.875% . Some…

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