Mortgage Rates Edge Higher From Long-Term Lows

Mortgage rates moved higher by a measurable amount today–the first time they’ve done such a thing in nearly a month!  Even after the modest increase, March is still on track to be the best month for mortgage rates in more than a decade. 
There are several news stories today that mentioned this being the best week for mortgage rates in more than a decade.  This has to do with Freddie Mac’s weekly survey data which regrettably only measures rate movement in the first half of any given week.  Had their data accounted for entire weeks, it would have shown August 8-12th, 2011 edging out the current week.  …(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