Mortgage rates¬†moved higher¬†for the 6th time in the past 7 business days, even after several lenders offered mid-day improvements in the afternoon. ¬†That leaves them at their highest levels of the year, although things were worse for most lenders earlier this morning.
4.25%¬†remains the most prevalent quote on top tier conventional 30yr fixed scenarios. ¬†Like yesterday, a few more lenders moved up to 4.375%.
It continues to be the case that there is little rhyme or reason to the short-term market movements causing volatility for rates. ¬†The bigger picture themes are more relevant. ¬†Those themes suggest......(read more)Forward this article via email:¬†¬†Send a copy of this story to someone you know that may want to read it.[img]http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=700738