Mortgage Rates Highest in More Than a Week

Mortgage rates moved only moderately higher today, but it was enough to bring them to April’s worst levels. The bond market trading that underlies interest rates in the US has been an increasingly volatile place. This has made for more frequent medium-sized moves in both directions. Unlike some of the simpler periods of time in the past where economic data determined the trading direction for the day, the current situation puts more emphasis on trading itself as a source of inspiration. In other words, traders moved toward higher rates today because that was the direction that other, bigger traders were moving. In terms of actual events that could have motivated this, the best case to be mad…
Mortgage Rates Newsletter – Market Analysis

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