Mortgage Rates Bounce, But Remain Near Recent Lows

Mortgage rates rose moderately today, as bond markets generally bounced back from the best levels in 8 months yesterday. Despite the bounce, rates are still in line with their best levels of the year. Only a handful of days have been any better and most of them have been in the past 2 weeks. We expected to see more volatility this week , for better or worse, and so far we’ve seen both. But while day-to-day movement has been bigger, it hasn’t been quite big enough for many lenders to change actual “note rate” quotes–just the upfront costs associated with any given rate. In other words, many borrowers are only seeing changes in the form of slightly higher closing costs (which raised the “effe…
Mortgage Rates Newsletter – Market Analysis

Leave a Reply