Anticipation Builds For Next Mortgage Rate Move

Mortgage rates were sideways in some cases today, and very slightly lower in others, making for one of their better performances over the past few weeks. During that time, they’ve generally been moving higher following early July lows (which were very close to all-time lows). In more specific terms, lenders are quoting 3.375% to 3.5% on top tier conventional 30yr fixed scenarios, a range that’s roughly an eighth of a point higher versus early July. In terms of bond market trends (which drive rate trends), the past two weeks would be considered a ‘correction’–an inevitable but necessary move that restores some balance between buyers and sellers (of bonds) before the next imbalance arises. Da…
Mortgage Rates Newsletter – Market Analysis

Leave a Reply