Mortgage Rates Remain Near 2015 Highs as Fed Approaches

Mortgage rates looked like they might come down a bit today. The morning hours were generally positive for bond markets, including mortgage-backed-securities (MBS) which lenders use to set rate sheet levels. Indeed most rate sheets were slightly better than yesterday’s and several lenders lowered rates mid-morning. But when European markets closed, US market momentum shifted and the gains evaporated . Lenders sent out mid-day revisions, raising rates back in line with yesterday’s levels. The average conventional 30yr fixed rate quote remains in a range between 4.125% and 4.25% , depending on the scenario. More aggressive lenders are quoting lower rates, but those are the exception at the mom…
Mortgage Rates Newsletter – Market Analysis

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