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U.S. mortgage rates jump higher

bizjournals Monday, 10 July 2017 ()
After a recent drop, U.S. mortgages reversed course this week, according to Freddie Mac. The 30-year fixed mortgage averaged 3.96 percent for the week ending July 6, up from 3.88 percent the previous week. A year ago, mortgage rates stood at 3.41 percent. Historically low mortgage rates have propelled U.S. home sales and the refinance market. “Global interest rates turned up sharply over the last week,” said Sean Becketti, chief economist at Freddie Mac. “The 10-year Treasury yield was…
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Source: The Street - < > Embed

News video: This Is Why JPMorgan's Mortgage Revenue Slid 26%: Chase Lending CEO

This Is Why JPMorgan's Mortgage Revenue Slid 26%: Chase Lending CEO 04:53

JPMorgan Chase crushed Wall Street's second quarter estimates, but mortgage banking revenue fell 26% year-over-year to $1.43 billion. "As rates have risen, the mortgage market has gotten a little smaller," said Mike Weinbach, CEO of Chase Home Lending. "Volume is a little bit lower than it was a year...

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Twitter

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Dave Thurman Mortgage demand weakens as rates jump https://t.co/KWLxFK0uei https://t.co/hKFOVjU8q0 https://t.co/ZXqcBztQJP 2 days ago

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Rhonda Porter Freddie Mac's PMMS report shows rates trending higher. Although still historically low, rates are trending higher... https://t.co/OmWMtAEHfT 3 days ago

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Renegade Agent RT @eTitleDirect: Despite jump in rates, #mortgage applications are hotter than the summer temps. #RealEstate #ETitleDirect #industry… http… 4 days ago

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E-Title Direct Despite jump in rates, #mortgage applications are hotter than the summer temps. #RealEstate #ETitleDirect... https://t.co/ju3o8jTc7Y 4 days ago

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E-Title Direct Despite jump in rates, #mortgage applications are hotter than the summer temps. #RealEstate #ETitleDirect #industry… https://t.co/LA22upW7QW 4 days ago

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Alliant National 🏠 A year ago, #mortgage rates stood at 3.41 percent. Where are they right now? https://t.co/txGGYhIKbU 4 days ago

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