Mortgage Rates Hold Steady

Mortgage rates were little-changed today after rising somewhat quickly over the past 4 business days.  This leaves them right on the top dead center of the proverbial fence.  Or perhaps it’s fairer to say A proverbial fence.  
While rates are like any other financial instrument whose future can’t be predicted, they do tend to pause and congregate at some levels more than others.  We’ll often see rising rates repeatedly run into a ceiling that goes on to become a floor in the future.  This cycle can often repeat itself several times.  That’s the sort of fence we’re dealing with at the moment….(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