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Blowout Jobs Report has Mortgage Rates Surging Again

Employers added 353,000 workers to their payrolls in January, a "head scratching" blowout jobs report that kills prospects for a March rate cut "stone dead." ....

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New Year, New Heights: Housing Market Surges With A 9.9% Spike In Mortgage Applications

As the new year unfolds, the housing market is making headlines with a surge in mortgage applications, marking a 9.9% uptick from just a week ago despite a slight increase in mortgage interest rates. Insights from the Mortgage Bankers Association's (MBA) Weekly Mortgage Application Survey, adjusted for the New Year's holiday, reveal a promising start for the housing market. "Despite an uptick in mortgage rates to start 2024, applications increased after adjusting for the holiday," MBA Vice Presi ....

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Consumers Take Mortgage Rate Rebound In Stride As Lenders Tighten Standards

Demand for purchase loans still picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023 highs. ....

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Rates Will Continue To Fall In 2024, Consumers Agree In Record Numbers

A record number of consumers surveyed by Fannie Mae expect rates to keep falling, a "shift" that could free homeowners from the "lock-in effect." ....

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Mortgage Rates Edge Up On Surprisingly Strong Jobs Report

Employers added 199,000 workers to their payrolls in November, a sign that the economy may achieve a soft landing but making Fed spring rate cuts less likely. ....

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