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.Rates had a slight push this week. The 30-year fixed rate mortgage increased 2 basis points to 2.83% while the 15-year fixed rate mortgage increased
Rates experienced a small uptick the first week of February with the 30-year fixed rate mortgage gaining 1 basis point while the 15-year increased by
Rates followed Treasury yields when they fell upon news of Biden’s struggles pushing his $1.9 trillion stimulus plan. The 30-year fixed rate mortgage dropped 7
Mortgage bonds finally closed the gap between them and Treasury yields (with only a small cushion remaining), making rates a lot more susceptible to change.
Rates maintained their record-breaking levels from last week, remaining nearly 1% below last year’s levels. This week, the 30-year fixed rate mortgage held steady at
Rates are staying low despite Treasuries’ lift-off in December. The 30-year fixed rate mortgage fell 2 basis points to 2.80% while the 15-year held at