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Mortgage Rates Jump to Highest Levels in About a Month

(Mortgage News Daily) - 11 months ago
 Posted To: Mortgage Rate WatchMortgage rates jumped higher today as bonds continued a move away from narrow Springtime range seen in March and early April. Bonds dictate rate movement and yesterday saw the bond market make its first convincing attempt to break what had been a friendly, narrow range. This of course coincided with a narrow range for rates in the past few months. It was also "friendly" relative to the trajectory seen in the first part of the year. When these sorts of rang...
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