Mortgage rates improved a bit today as bond-market borrowing costs fell and consumer sentiment weakened. Several big reports this week could swing rates.
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"Mortgage Rates Dip as Confidence Sags, What Now?"
This blog post is intended for informational purposes only. It does not constitute financial advice, an offer to extend credit, or a commitment to lend. Mortgage rates, program guidelines, and qualification requirements can change at any time and may vary based on credit, income, assets, location, and property type. Always consult with a licensed mortgage broker to review your personal situation and available options.
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Geopolitical uncertainty and higher oil are lifting bond market rates. The 10-year is near 4.45%, adding upward pressure to mortgage rates.
Mortgage rates moved higher as Iran tension lifted oil prices. If you’re buying or refinancing, consider locking soon based on your timeline.
Diplomatic news cooled oil and helped mortgage rates improve today. Many lenders left rates uncommitted early, so pricing can still change fast.
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