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Mortgage rates moved lower at their best pace in several weeks today, with the average lender making it back to levels not seen since April 12th. The gains were bigger than normal for two reasons.
Bond trading levels have a direct bearing on mortgage rates, but lenders can’t very well change rates every few seconds when a new trade flashes in bonds. but there’s no way to know whether or not.
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We watched defensively last week as mortgage rates teetered on a ledge. We were searching for an indication that "snowball selling" had been avoided before offering a new directional guidance. 1.
Best Mortgage Companies Patrick Afb FLorida expect them to begin increasing again shortly, so now is a great time to purchase a home and finance it at a low rate. The shorter the term of the mortgage, the better the rate you will be able to get.
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