Mortgage rates recovered today after moving higher for the first time in nearly 2 weeks yesterday. In the bigger picture, rates have been in a back-and-forth pattern near long-term lows. Most of October and early November were spent with rates moving higher in that pattern after late September marked a surge lower. While we wouldn’t call the past few weeks a “surge” per se, they’ve at least been moving in the right direction.
The average lender improved back to levels seen about a week ago. Those were the best offerings in roughly 3 weeks.
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Source: mortgagenewsdaily.comNew feed