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30-Year Fixed Mortgage Rates Remain Unchanged
This week, mortgage rates took a rest on Mount Ratemore. There is no definitive reason for their break, but it remains a nice bonus for homeowners who want to buy or refinance while they can still get...
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30-Year Fixed Rates Take a Short Hike
The mortgage rates may not have been as prepared for the long climb up Mount Ratemore as they thought, because this week, the rates are still near the bottom (i.e. historic lows). Chances are they may...
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Ten-Year Securities Snapped After Two Days of Gains – Market Update
Ten-year securities snapped after two days of gains, despite early advances amid speculation economic growth will slow as the Federal Reserve reduces its stimulus efforts. The Commerce Department will...
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Uncertainty Around Italian Election Impacts U.S. Stocks – Market Update
Yesterday we saw uncertainty around Italian elections, which led to a major sell-off in the stock market, and Dow posting its worst day of the calendar year. What’s Up on Wall Street? The Dow Jones...
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Mortgage Rates Slip Back Down Near Record Lows
Just when you thought things wouldn’t get any crazier in the world of mortgage rates, two massive bombs get dropped: Mortgage rates drop at least half a point across the board, and a new person is...
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ARMs Don’t Move Much, But Fixed Rates Are On the Rise.
It’s Thursday, which can only mean one thing: No, not a new episode of Friends, that show ended years ago. What’s wrong with you? I’m talking about our weekly Primary Mortgage Market Survey (PMMS)....
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Why 2013 is Your Lucky Year to Buy a Home
“One secret of success in life is for a man to be ready for his opportunity when it comes.” – Benjamin Disraeli When it comes to deciding to purchase a home, affordability often has little to do with...
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Bob Walters Discusses Mortgages on the Real Estate Today Radio Show
Bob Walters, chief economist and vice president of capital markets for Quicken Loans, is getting called upon more and more for his advice on all things mortgage related. After being quoted on programs...
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Jobs Report Hinders Stock Market – Market Update
Mortgage rates dropped to a two-month low yesterday in anticipation of the jobs report today. The market rally was fueled by yet another disappointing day of employment reports. What’s Up on Wall...
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Mortgage Rates Drop for the Second Week in a Row!
Guys, quiet down, come on, I can barely write this over all the applause I’m getting right now. I appreciate the applause, but you have to understand I’m not the one that controls the mortgage rates. I...
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Why Some Americans Are Turning Down Free Money
American homeowners are in the midst of a hot and heavy love affair with low interest rates. But not every courtship has a happy ending. As the final days of 2012 slipped away, Lisa Price made her...
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15-Year Fixed-Rate and 5-Year Adjustable-Rate Mortgages Drop to...
What a wild month for mortgage rates April has been. Like a backstabbing competitor on a reality show, mortgage rates have been going lower than anyone could have anticipated. You may have read a bevy...
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Mortgage Rates Inch Higher on News of Initial Jobless Claims
Yesterday, mortgage rates moved slightly higher for the first time in four days. This move was caused by a stronger than expected report on Initial Jobless Claims. Treasuries fell for the first time in...
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Quiet Week for Economic News – Market Update
Friday closed with a major sell-off caused by better-than-expected employment numbers. So what does that mean for the week ahead? This week is exceptionally quiet in regards to economic news. What’s Up...
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Mortgage Rates Are on the Rise
Like a great sandwich, your favorite song, or the movie Space Jam, all good things must come to an end. After five weeks of reporting on dropping rates in the Primary Mortgage Market Survey, some to...
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Mortgage Rates Inch Higher for the Second Week in a Row
The climb has begun. You may recall last week’s edition of the Primary Mortgage Market Survey which reported that after five weeks of declining mortgage rates, some to historically low amounts, rates...
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Mortgage Missteps: The Too-Good-to-Be-True Deal
One of the many painful lessons I learned growing up was that you can actually try too hard to save money and end up spending more in the end. Unfortunately, mortgages definitely work this way. If you...
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Low Rates Inch Higher for the Third Straight Week
Everyone calm down. Yes it’s true that rates have risen for the third week in a row and they’re at a high for the year; the Primary Mortgage Market Survey doesn’t lie. Remember, it’s all about...
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Low Mortgage Rates Are Inching Higher
You read that right, folks. After months of dropping mortgage rates, we’ve seen rates inch higher for weeks. Rates are still low in historical comparison, but there’s no telling how much longer they’ll...
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Mortgage Rates Are Still Climbing Up
Outside of the internet, it seems like many people don’t like cats. They’re misunderstood creatures; they only want attention when no one seems to be looking, and when you finally do get to pet them,...
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