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Mortgage Rates Moderately Higher

For most lenders, mortgage rates edged slightly higher at the start of the holiday-shortened week.  The exception would be among those lenders who made changes to their rate offerings on Friday afternoon in response to deteriorating market conditions.  The unequivocal comparison would be with Friday morning’s rates, in which case today’s rates are higher.
All that having been said, the movement is minimal in the bigger picture, and the average lender remains in the lower half of the range seen over the past few months.  
There were no significant events to cause any serious volatility in the bond market.  Bonds are the key ingredient in day-to-day rate movement and they’re generally waiting for omicron-related pandemic uncertainty to clear up….(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

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