Mortgage Rates On The Rise Again

Posted To: Mortgage Rate Watch

Mortgage rates managed to begin the week by holding relatively steady, but that changed rather noticeably today. The bond market (which dictates day to day rate movement) was somewhat weaker to start the day. This implied higher mortgage rates and that is indeed what we saw this morning. Unfortunately, bonds were not done losing ground. After an important report on the services sector came out stronger than expected, bonds continued to deteriorate . When bonds lose enough ground in the middle of a trading day, mortgage lenders occasionally make mid-day adjustments to their rate offerings. Today was one of those days. By the last hour of the trading day, the average lender had raised rates at least one time. When compared to this morning, the increases are mostly likely seen in the form of higher…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Mortgage Rates On The Rise Again
Mortgage Rates On The Rise Again

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *