Mortgage rates continued higher on Tuesday after reaching the highest levels in months by the end of last week. The bond market was closed on Monday, which meant today was the first time most lenders updated their mortgage rate offerings since Friday.
Although bonds are most directly responsible for the day-to-day movement in mortgage rates, we don’t always see a logical correlation between the two over the short term. For example, bonds are actually in better territory today (something that implies lower rates).
So why are rates higher yet again? …(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
Rates Continue Higher Despite Bond Market Improvement
Published in bond markets, interest rates and mortgage rates
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