Posted To: Mortgage Rate Watch Mortgage rates moved higher yesterday morning…and then they moved even higher yesterday afternoon! The day began with mortgage-backed securities prices moving lower, which forced lenders to increase consumer borrowing costs before many rate watchers had a chance to get to a computer. Later in the day, after the Fed released the minutes of the most recent FOMC meeting, MBS prices fell further, which brought on reprices for the worse and pushed mortgage rates up a few more basis points. To remind readers, as prices of mortgage-backed securities move higher, lenders are able to offer lower mortgage rates, however as prices decline, they are forced to raise borrowing costs

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Mortgage Rates on Two Day Losing Streak. Lock Bias Stands

Posted To: Mortgage Rate Watch Mortgage rates moved slightly lower yesterday as the interest rate market made modest improvements in the second half of the trading session. This allowed many lenders to reprice for the better at the end of the day. Both stocks and bonds rallied yesterday, this is not a normal occurrence

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Lenders Reprice for Worse. Mortgage Rates Move Higher

Posted To: MBS Commentary Good Morning. Happy Fat Tuesday.

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MBS OPEN: Rates Building Bearish Momentum

Posted To: Mortgage Rate Watch Vic is snowed in, with no power..in Dallas, Texas! They got more than a foot of snow, that's a RECORD . HA! Vic, that is for those two comments earlier this week about it being sunny in your neck of the woods while I was nervous my windows were going to break from blizzard conditions

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Mortgage Rates End Week Slightly Higher