Mortgage rates moved higher again today, even though underlying bond markets were relatively flat. This is due to the timing of market movement over the past 2 days in conjunction with typical.
Mortgage rates were decisively lower today, following a massive market movement on news of new tariffs to be imposed on Mexico. In general, trade wars are economically negative. They hurt stocks and.
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Mortgage rates enjoyed a pleasantly flat week despite some volatility in the underlying bond market. The day-to-day changes in Treasuries and Mortgage-Backed-Securities (MBS) were noticeable, but.
What’s driving current mortgage rates? Average mortgage rates fell yesterday – and further than we predicted. But don’t get too excited. The drop was half the rise seen on Wednesday. Still, it takes us back to close to the lowest rates in 30 months. Markets are clearly unwilling to move outside the recent rate range without a kick.
Mortgage rates have generally been moving sideways for the past 2 weeks. This has accomplished a twofold goal of coming to terms with the strong gains seen in May as well as preparing for tomorrow.
Mortgage rates dropped quickly again today, easily hitting the lowest levels since late 2017 for the average lender. The move comes in response to a surge in volatility and perhaps even a wave of.
A rate lock guarantees that the lender will honor a specific interest rate at a specific cost for a set period. The benefit of a mortgage rate lock is that it protects the borrower from market.
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Steps to Locking-In a Mortgage Interest Rate. A mortgage interest rate lock-in can prove to be very beneficial in case the interest rates increase while your loan is being processed, but it can also be a disadvantage to you if the rates decrease. No matter when you decide to lock-in the interest rate, you should always know how this is done.