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Rates drop back down from record 7%

After a rapid ascension last week, rates have cooled off some. The 30-year fixed rate mortgage is now back in 6’s territory after...
1 min read
Summertime rate sadness

Rates sailed into dangerous territory and are now just below their respective 52-week highs. The 30-year fixed rate mortgage jumped 30...
1 min read
Housing projections over the next three months

Following a calm Friday, rates shot up at the beginning of the week. The 30-year fixed rate mortgage increased another 22 basis points to...
1 min read
Builders offering 5% discount on new homes

Rates are back down in light of last week’s inflation data which fell below expectations. The 30-year fixed rate mortgage fell 6 basis...
1 min read
Rates drop a quarter of a percent

Rates plummeted with the 30-year fixed rate mortgage crashing down 25 basis points to 5.30%. The 15-year mortgage followed suit, dropping...
1 min read
The calm before the storm

Rates are holding steady with the 30-year fixed rate mortgage one basis point higher at 5.72% and the 15-year mortgage still at 4.97%.
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Not in a recession. Yet.

Friday’s job report has brought rates back up. The 30-year fixed rate mortgage inched up 21 basis points to 5.71% while the 15-year moved...
1 min read
Rates get knocked back into 5s territory

The 30-year fixed rate mortgage moved back 12 basis points to 5.95% while the 15-year mortgage moved back 14 basis points to 5.30%.
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Rates move 0.125% higher in one day

Rates moved up over the last five days. By now, the 30-year fixed rate mortgage is 23 basis points higher at 5.48% while the 15-year is...