Mortgage Rates Edge Higher Ahead of Retail Sales Data

Mortgage rates were sideways to slightly higher today, depending on the lender.  With the exception of the past two days, this leaves us at the best levels in more than 3 weeks.  In general, that move was made possible by financial drama in Turkey, but caveats abound. 
It’s taken a massive amount of pain in Turkish markets/currency to result in a fairly modest move for US interest rates in the bigger picture.  Moreover, US rates continue paying attention to multiple sources of inspiration.  Turkey was just one among many in that regard, and even then, only when Turkish market movement was its most extreme. …(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