Mortgage Rates1 – Unfortunately we lost some ground this week and our benchmark rate slid back up to 6.875% (APR 6.955%). This week’s drivers came from decisions beyond our borders when Saudi Arabi, the world’s top oil exporter, announced that it would be voluntarily...
Mortgage Rates1 – Finally some good rate news! With President Biden and House Speaker Kevin McCarthy reaching a debt deal last weekend (at least in principle), the bond market has been reacting favorably and our benchmark rate has dropped back down to 6.625% (APR...
Mortgage Rates1 – It was another unfriendly week for interest rates, and we saw our benchmark rate touch the 7% range – coming in at 7.000% with a slight discount fee (APR 7.059%). Part of the challenge was commentary from a couple of Fed Presidents suggesting there...
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