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Mortgage Rates Hold Near Lows Despite Market Weakness

(Mortgage News Daily) - 1 months ago
 Posted To: Mortgage Rate WatchMortgage rates were steady to slightly higher today, depending on the lender, despite bond market weakness. Typically, bond market weakness results in rates moving higher, but the timing of market movements can be important. Specifically, yesterday saw bond markets move to their best levels of the day in the afternoon--too late in the day for many lenders to react with lower rate offerings. Today's bond market weakness was intact right from the start of the tra...
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