Worst 5 Days For Rates Since The Election

Mortgage rates continue rising at an uncomfortable pace for anyone in the market to buy or refinance. Today was the 5th straight day of quicker-than-average movement higher and it leaves the average lender at the highest levels in nearly 2 months. Whether or not this is as dramatic as it sounds depends on your perspective. While it’s true that the past 5 days have been the worst since the US presidential election , it’s also true that interest rates are just over an eighth of a point higher during that time. An eighth of a point (.125%) will cost you about 14 bucks a month on a $ 200k loan. Alternatively, it would cost you $ 1200-$ 1600 in cash to get the rate back down to levels from 5 days ag…
Mortgage Rates Newsletter – Market Analysis

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