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Another Day Without Any Major Mortgage Rate Movement, So Let’s Talk Rate Index Methodology

Another Day Without Any Major Mortgage Rate Movement, So Let’s Talk Rate Index Methodology

I like to write at least a small amount every day to recap mortgage rate movement.  After all, they change every day by at least some small amount and on the rare occasions where they're perfectly flat, there's usually something interesting to consider on the horizon. This particular week is making it tough to stick to that routine.  Rates have been effectively unchanged on 5 out of the past 5 business days with the average top tier 30yr fixed rate holding in a range of 6.64 to 6.66%.  Notably, we received some feedback that called those rates into question over the past 5 days.  It wasn't widespread, but it was vitriolic at times.  In cases where people weren't interested in objectivity, or were unwilling to accept that their own rates were not coming down as quickly as the broader
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