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Mortgage Rate Update 12-19-13: Trends Projections
We had an extremely volatile day in trading yesterday, which was spurned by the Fed's decision to taper its bond purchases. The net result was a worsening of 38 basis points (bps). We opened this morning with continued losses of 50 additional bps. At present, we are slowly recovering with a 28 bps climb (but we've got plenty of ground to cover if we are to get back to Monday's pricing).
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 ... more

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