Mortgage Rates Rise Modestly From 2017 Lows

Mortgage rates rose modestly today after spending 2 days at the best levels in nearly 8 months. Financial markets were tuned in to several key events with the power to cause volatility for rates today. Of these, the Senate testimony of former FBI Director Comey probably had the biggest spotlight. Rates were already coming under some pressure yesterday as Comey’s prepared remarks were released, but bond markets (which dictate rates) didn’t move quite enough for most lenders to adjust rate sheets. Instead, lenders waited for this morning to pass along the bond market weakness in the form of slightly higher rates. As it turns out, traders had done a fairly good job of getting in position for th…
Mortgage Rates Newsletter – Market Analysis

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