Mortgage Rates Dangerously Close to 2015 Highs

Mortgage rates haven’t been able to catch a break recently. Case in point, over the past 3 weeks, there have only been two days where rates managed to improve even a little bit. Four out of the past six days have seen uncommonly big moves higher. These are the sorts of moves that we’d normally only see 2-3 times per month, so to see 4 of them in just over a week is alarming. In terms of conventional 30yr fixed rate quotes, several major lenders are now up to 4.0%, even for top tier scenarios, though many remain at 3.875%. Just one short week ago, 3.625% was widely available. In the broader context, there has only been one day in 2015 where rates were any higher. Before that, you’d need to go…
Mortgage Rates Newsletter – Market Analysis

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