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Mortgage Rates Quickly Retreating After Hitting Long-Term Lows

Mortgage rates continued moving higher today as Fridays unfortunate series of events seems to have motivated a big bounce.  What events are those?  Namely, we’re talking about several important economic reports including the big jobs report and the most closely-watched manufacturing report from ISM.  These were joined by two other supporting actors (Consumer Sentiment and Factory Orders) to round out an entire morning of data that came in much stronger than expected.
But wait… why is strong economic data a bad thing?!…(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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