Another mixed bag of housing data was released over the past week starting with last Thursday’s report from the National Association of Realtors that showed an unexpectedly drop in existing home sales. NAR reported that sales of existing homes in August fell by 2.7% form the prior month. This broke a four month trend of [...]

Mortgage rates eased slightly this week as the bond market was reassured by comments form Chinese officials who indicated they still had a taste for US Treasury debt and that the dollar would remain their primary foreign currency reserve. Thirty year mortgage rates settled to just below 5.50% to 5.375% as the yield on the [...]

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Mortgage rates remain at historic lows this week with the benchmark thirty-year fixed hovering between 4.625% and 4.875%.  After last week’s upbeat reports on the housing market we are reminded this week that were not entirely out of the woods yet.