Mortgage Rates Rise Gently From Long Term Lows

Mortgage rates pulled up just slightly today after spending the past few days near 3-year lows. The weakness in rates is in line with our discussion yesterday regarding the fact that bond markets were already suggesting a small move higher, but that quite a few lenders held-off adjusting rate sheets in the middle of the day. The underlying assumption was that–all things being equal–we were due a bit of a move higher today, simply because we avoided it yesterday largely due to timing. Indeed, it’s those lenders that abstained yesterday who are more noticeably weaker today. Even so, we’re not talking about huge changes. The most prevalent conventional 30yr fixed rate quote remains 3.625% on …
Mortgage Rates Newsletter – Market Analysis

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