Mortgage Rates Rise to New 1-Month Highs

Mortgage rates picked right up where they left off yesterday: pushing into the highest levels of the month. This week has seen the fastest rise in rates since early March. If we lose any more ground tomorrow, it could end up being the worst week since early November 2015. Of course with the average rate still in the 3.625-3.75% range, it’s hard to draw any overly-dire conclusions about rates in general, but borrowers who were rate shopping as recently as 2 days ago should be aware their quotes have likely changed. In terms of average rates, today’s weakness has resulted in a more even distribution between 3.625% and 3.75% in terms of conventional 30yr fixed quotes for top tier scenarios. In …
Mortgage Rates Newsletter – Market Analysis

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