Mortgage Rates Running Out of Steam?

For the first time this year, mortgage rates spent the second straight day without moving any lower. While that may sound like a bad thing, it should be noted that rates certainly haven’t been in a hurry to move higher. Yesterday was best described as ‘unchanged,’ and today’s rate sheets were almost imperceptibly weaker. In other words, we’ve spent the last few days bouncing along the lowest levels in more than 2 months. Lenders are back to quoting conventional 30yr fixed rates in a range of 3.875% to 4.0%. Still, the ebbing of the previously forceful trend might be cause for concern. The current environment has surprised more than a few investors, and we have little to go on in terms of pas…
Mortgage Rates Newsletter – Market Analysis

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