Mortgage Rates Edge Up to 5-Month Highs

Mortgage rates moved slightly highe r today. While it wasn’t a big move in the grand scheme of things, rates were already fairly close to their highest levels since early July . For most lenders, that means conventional 30yr fixed rates in the 4.125-4.25% range for top tier scenarios. The day began decently enough, with underlying bond markets mostly holding their ground–especially the mortgage-backed-securities (MBS) that dictate mortgage rates. The first rate sheets of the day were actually in line with–or slightly better than–yesterday’s latest rate sheets. As the day progressed, MBS were eventually pulled down by significant weakness in the Treasury market, resulting in mid-day ‘repri…
Mortgage Rates Newsletter – Market Analysis

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