Mortgage Rates Just Barely Higher, But Lower This Week

Mortgage rates rose modestly today, but many lenders were essentially unchanged compared to yesterday’s latest offerings.  Moreover, rates ended the week slightly lower compared to last Friday’s latest levels.  That’s no small victory in 2018, despite the fact that it is a small victory in general.
Part of the motivation toward slightly higher rates over the past 2 days could be the looming Fed announcement next week.  Oftentimes, bond markets (which underlie rates) don’t want to move too far outside recent ranges when there’s a risk the Fed may say or do something to redefine that range. …(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