Mortgage Rates Move Higher Again, And They Might Not Be Done

Mortgage rates jumped yesterday at the fastest pace in more than 2 months.  While that isn’t necessarily the end of the world when a 30yr fixed can still be had in the high 2% range, it wasn’t fun for those with loans in process.  Today wasn’t great either.  While the pace of upward movement slowed considerably, rates moved higher yet again today, bringing the average lender to the worst levels in almost exactly a month.
While there’s never any way to know where rates will be at any given point in the future, we do know that this week represents a clear break from the trend seen during the previous 2 months. …(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