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  • Mortgage rates dropped noticeably this week as financial markets opened sharply changed from Friday’s latest levels thanks to Trump trade tweets over the weekend.  The stock market dropped to its lowest levels in several weeks before bouncing back as the day progressed.  As money flew out of stocks, it found a safe haven in the bond market.  Mortgage rates are most directly affected by the bond market, and when demand for bonds increases, rates fall.

    The average lender was offering its best rates in roughly a month this morning.  You’d have to go back to April 10th to see anything lower.  And there were multiple lenders offering their lowest rates since April 1st.

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  • equal housing lender Minnesota, wisconsin, iowa, north dakota, south dakota

    Cambria Licensed Mortgage Loan Officer serving home owners, home buyers and residential real estate investors. Equal Housing Lender, Cambria Mortgage NMLS #322798. I am a licensed mortgage originator, NMLS #274132, and am licensed to originate mortgage loans in: MN, FL, WI, IA, ND, and SD. Lending services may be provided in certain states by Cambria Mortgage NMLS #322798. This is not an offer to lend or to extend credit, nor is this a guaranty of loan approval or commitment to lend. The information here may not be up-to-date and may no longer be accurate. Consumers must independently verify the accuracy and currency of available mortgage programs. All loan approvals are subject to the borrower(s) satisfying all underwriting guidelines and loan approval conditions and providing an acceptable property, appraisal and title report. Actual rates available to you may vary based upon a number of factors. Consumers must independently verify the accuracy and currency of available mortgage programs. All loan approvals are subject to the borrower(s) satisfying all underwriting guidelines and loan approval conditions and providing an acceptable property, appraisal and title report. © 2023 Joe Metzler