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Mortgage Rate Update 8-15-13: Trends Projections & Today's Best Rates
Very bad news for mortgage rates today as claims for jobless benefits unexpectedly dropped last week to the lowest levels in nearly 6 years, which indicates a healing economy. Although this news is great for America's economy, it is devastating for mortgage rates. As a result of this data, the market opened a whopping 66 basis points worse than yesterday's close.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back over 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted a quick report on How To Read The Charts Below.
Also, make sure to learn THE TOP 10 THINGS TO KNOW ABOUT MORTGAGE RATES (to help understand the relationship between rates & fees/credits) along with THE TRUTH BEHIND MORTGAGE QUOTES (to better understand the relationship between up-front closing costs and mortgage interest rates so you don't get duped by clever advertising campaigns). Remember, we all make better decisions in life when we have the ... more

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