Quick Contact

Your Name (required)

Your Phone (required)

Your Email (required)

Your Message


Type this number below.

Mortgage Rates Higher Still, Despite Calmer Market

Mortgage rates continued pushing up to new 7-year highs today, even if only by a small margin.  This is notable because the underlying bond market (the primary factor in mortgage rate movement) suggested that rates should have fallen today.  The issue is that bond markets were so weak on Friday that mortgage lenders didn't have a chance to fully adjust their rate sheets to reflect the losses.  As such, there were still some losses to deal with this morning, and today's modest bond market improvement wasn't quite enough to offset them.  In other words, we began the day with enough of a disadvantage from Friday that it couldn't be overcome.

...(read more)

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

Leave a Reply

You must be logged in to post a comment.