Posted To: Mortgage Rate Watch
Mortgage rates moved higher over the course of the day today as financial markets underwent a correction following yesterday’s big move lower in rates. Because today’s initial rate sheets were even better than yesterday’s, the move merely brought us back in line with yesterday, on average. Some lenders are slightly higher or lower, depending on individual pricing strategies. Whatever the case, the weakness was not enough to lift rates from yesterday’s recently regained 3.75% level in terms of the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios. Naturally, the burning question at the moment has to do with the permanence of yesterday’s strength. Which moves are real and which moves are corrections? While a case can be made to suit any level of optimism or pessimism…(read more)
Via:: Mortgage Rates Mostly Hold Yesterday’s Big Gains
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