Mortgage Rates Pulse

Interest Rate Updates for Home Financing and Mortgage Refinance Rates
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May 2013
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Home Mortgage Rates Inch Up

Consumers have grown accustomed to mortgage rates always dropping in the U.S.

Stronger than expected Retail Sales data hurt MBS this morning, extending the losses seen last week. April Retail Sales rose 0.1% from March, above the consensus for a decline of 0.3%. If consumer spending continues to remain healthy, it will reduce investor concerns about a spring slump in the economy.

Falling MBS prices result in higher mortgage rates. Rising MBS prices lead mortgage rates lower. MBS pricing provided by MBSQuoteline. Today’s mortgage rates are based on real-time mortgage market pricing. Read the original article from the mortgage reports website.



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