Mortgage Rates Hold Steady at 1-Month Highs

Mortgage rates avoided any further damage today after moving to the highest levels in a month yesterday. The past two days made for the sharpest increase in rates since late August, with today’s offerings remaining relatively unchanged for some lenders and just a bit lower for others. Even after taking the minor improvements into account, today’s average conventional 30yr fixed rate quote is at lease an eighth of a point higher the same quote on Tuesday afternoon. Most lenders are quoting 3.875% to 4.0% versus a previous range of 3.75% to 3.875%. There is definitely a risk that rates will get back to the business of moving higher next week depending on the economic data. Based on this week’s…
Mortgage Rates Newsletter – Market Analysis

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