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Mortgage Rates Stabilize Despite More Bond Market Weakness
Sep 13th, 2:13pm
Mortgage rates held steady today, and were slightly lower in some cases.  That's not entirely logical at first glance because the bonds that dictate mortgage rates suggested the opposite.  Considering a 2-day time frame helps us reconcile this paradox.  Bonds had improved by the end of the day yesterday, albeit slightly.  Lenders, however, didn't account for that improvement by changing rates yesterday.  Instead, they made their adjustments with this morning's rate sheets.  Bonds were unchanged to slightly stronger this morning.  Today's weakness arrived after......

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