Mortgage rates spiked quickly yesterday, moving up to the highest levels in more than a week and adding an eighth of a percentage point (.125%) to Friday’s latest quotes. Even on Friday, rates were already arguably in the process of correcting higher from the lowest levels in well over a year. The speed of severity of yesterday’s spike raised concerns about a broader correction from those long-term lows. After all, more than 80% of the improvement over the past few months was still intact. How much more of that would we need to give up before balance was restored?…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Source: mortgagenewsdaily.comNew feed
Mortgage Rates Avoid Adding to Yesterday's Drama
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