• Mortgage Rates at Top of Recent Range

    28 days ago - By Calculated Risk

    From Matthew Graham at Mortgage News Daily: Mortgage Rates Surge to 1-Month Highs
    Mortgage rates rose today at the quickest pace in months, ultimately hitting the highest levels since June 25th for the average lender. While neither of those are "fun" facts for fans of low rates, they are made slightly more palatable by the nature of the recent range.
    Specifically, rates hadn't moved very much since late June. The average mortgage seeker will not have seen a change in their quoted interest rate during that time (the only adjustments have been to upfront closing costs/credits). The point is...
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  • Housing Starts And Permits Drop To Three-Month Low In January

    28 days ago - By Forbes

    Groundbreakings and permitting fornew homes fell in January to their lowest level in three months, the U.S. Commerce Department said Wednesday. Januaryhousing starts fell 3.8% to a seasonally adjusted, annual rate of 1.o99million, below December's revised 1.143millionbutstill1.8% higher thanone year earlier.The numbers missed expectations ofeconomists surveyed by Bloomberg ahead of the...
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  • The interest rate that drives mortgages and other loans is snapping higher

    28 days ago - By CNBC

    The U.S. 10-year Treasury yield looks set to spring higher, taking mortgages and consumer loan rates with it, after spending the past month in a rut.
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  • Interest rates mixed on 3-month and 6-month bills in auction

    28 days ago - By Chron

    WASHINGTON - Interest rates on short-term U.S. Treasury bills were mixed in Monday's auction.
    The Treasury Department auctioned $51 billion in three-month bills at a discount rate of 1.97 percent, down from 1.98 percent last week. Another $45 billion in six-month bills was auctioned at a discount rate of 2.14 percent, unchanged from last week.
    The rates on both bills remain near their highest levels since the 2008-2009 recession.
    The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,950.20 while a six-month bill sold for...
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