Mortgage Rates Back up to Recent Highs

Mortgage rates moved higher at a quicker pace today, following the release of the Minutes from the most recent Fed meeting.  But correlation isn’t necessarily causality in this case.
The Minutes provide a more detailed account of the Fed meeting that resulted in September’s rate hike.  That rate hike was foregone conclusion and the Fed has been a relative open book in the intervening 3 weeks.  In other words, there wasn’t bound to be much by way of surprises.  Even so, investors are always looking for clues in this more robust snapshot of the Fed’s decision-making process.  As such, it has the potential to cause some market volatility….(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