Mortgage Rates Drop Quickly After Jobs Data

Mortgage Rates Highest Since July After Jobs Report – Mortgage rates leaped significantly higher today, following an exceptionally strong jobs report. Typically released on the first Friday of every month, the Employment Situation is the most important.

Mortgage rates scored. can turn quickly and we are still sitting close to potential technical inflection points. So, stay vigilant and in touch with your loan officer." -Hugh W. Page, Mortgage.

This two-month mortgage rate forecast and mortgage market forecast is part of the HSH.com MarketTrends newsletter, published every week by HSH Associates. HSH.com is a leading consumer site for mortgage information.

Usually mortgage rates go up when short-term interest rates do, but after the Fed’s latest rate hike, the opposite is happening. We break down why. Defying Predictions, Mortgage Rates Are Dropping.

Mortgage Rates Drop Quickly After Jobs Data Oct 22 2013, 4:41PM Mortgage rates fell abruptly today, after the long-awaited Employment Situation Report painted a bleaker-than-expected picture for.

Mortgage rates this week. A year ago, it was 4.02 percent. Four weeks ago, the rate was 4.71 percent. The 30-year fixed-rate average for this week is 0.14 percentage points below the 52-week high of 4.80 percent, and is 0.71 percentage points higher than the 52-week low of 3.95 percent.

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How rate drops normally work Typically, if you’ve been approved for a mortgage and the lender drops its rates before your closing date, the lender will lower your rate as well.

According to data compiled from MBSQuoteline, a provider of real-time mortgage market pricing, mortgage rates are most stable on Mondays, making that day the easiest on which to lock a low rate.

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Mortgage rates plummeted today, relatively speaking, fully erasing the damage done 2 weeks ago after the Fed Minutes sent rates higher at the fastest pace in months. Let’s continue with that same logic. If rates moved quickly higher 2 weeks ago because the fed minutes suggested increased chances of a June hike, it would stand to reason [.]

A blog keeping you up to date on current mortgage rates and. Mortgage Rates Drop Sharply After Employment Data. Jun 3 2016, 2:29PM. If rates moved quickly higher 2 weeks ago because the Fed.

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Recent data hinted that the. already at their rate "floors," long-term mortgage rates won’t drop immediately, and many consumers have already accumulated considerable debt.. to act and react.