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Mortgage Rates Slightly Higher, But Still Near All-Time Lows

Friday, July 10, 2020   /   by Erik Bjorklund

Mortgage Rates Slightly Higher, But Still Near All-Time Lows

Mortgage rates were slightly higher today for the average lender.  Additionally, some lenders bumped rates a bit in the middle of the day in response to weakness in the bond market.  That weakness is increasingly tied to broad movement playing out across markets as they respond to coronavirus implications.


With several states seeing rising numbers of cases, stocks and rates (via the bond market) moved lower in unison in pre-market trading.  This is what allowed mortgage rates to begin the day relatively close to last week's all-time lows.  As the day progressed, the trend shifted toward modestly higher rates and higher stock prices (i.e. risk tolerance improved after investors began the day cautiously).

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Fidelity Home Group | Mortgage News | Mortgage Rates
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Tony Fuentes
1999 W. Colonial Dr
Orlando, FL 32804
407-288-5182

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