Mortgage Rates Edge Higher to Start Busy Week
Mortgage rates have been in an exceptionally narrow range since last Tuesday with the 30yr fixed index hovering just under 7%. The average lender is just a hair higher today versus last Friday, but still just under 7%. As always, the index is best used as a tool to track day over day changes in
Home Prices Falling or Growing Less Quickly?
Both FHFA and Case Shiller released home price data this week with some mixed messages for the housing market. The first thing to remember about the major home price indices is that they run about 2 months behind--for the month of March in the present case. Another important consideration when loo
Mortgage Rates Move Slightly Lower After Today's Data
There was a bit of behind-the-scenes volatility in the bond market today. Normally, bond volatility translates to interest rate volatility. In some cases, the timing of the volatility is such that has a minimal impact on mortgage lenders. Today was one of those days. Yesterday evening, news brok
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