Mortgage Rates Shoot to 1-Month Highs Ahead of Fed

Mortgage rates made it right to the doorstep of tomorrow’s big-ticket events with very little movement over the past 5-6 weeks. Once at the doorstep, however, they began losing their composure . This happens from time to time on the approach to events that have a lot of market movement potential. Even before the events themselves, markets began taking a ‘lead-off’ in one direction or the other. The time around, the lead-off happens to be toward higher rates. Whereas 3.625% had been fairly common among more aggressive lenders quoting conventional 30yr fixed rates on top tier scenarios, it’s quickly vanishing this afternoon. 3.75% is once again clearly dominant. If you are looking at the same …
Mortgage Rates Newsletter – Market Analysis

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