Friday, May 9, 2014

Mortgage Interest  rose today, pulling back just slightly after spending 6 of the last 7 days in an aggressive move to the lowest levels in more than 6 months.  There were no significant events for markets to consider, .  In other words, today's higher rates are a product of normal market behavior and are not 'event-driven.'  Th Today's move equates to an effective increase of 0.03%.

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