Posted To: Mortgage Rate Watch
Mortgage rates haven’t been able to catch a break recently. Case in point, over the past 3 weeks, there have only been two days where rates managed to improve even a little bit. Four out of the past six days have seen uncommonly big moves higher. These are the sorts of moves that we’d normally only see 2-3 times per month, so to see 4 of them in just over a week is alarming. In terms of conventional 30yr fixed rate quotes, several major lenders are now up to 4.0%, even for top tier scenarios, though many remain at 3.875%. Just one short week ago, 3.625% was widely available. In the broader context, there has only been one day in 2015 where rates were any higher. Before that, you’d need to go back to November to see higher rates. It has been and continues to be the case the recent weakness should…(read more)
Via:: Mortgage Rates Dangerously Close to 2015 Highs
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