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Created: 06/05/2015 at 12:47 PM Updated: 26/06/2017 at 6:40 PM

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Mortgage Rates Approach 3-Year Highs Ahead of Fed

Mortgage rates rose for the 10th time in the past 11 days today, bringing them very close to highest levels in 3 years.  You'd have to go back to April 30th, 2014 to see the average lender offering higher rates.  The most common conventional 30yr fixed quote is easily up to 4.375% on top tier scenarios with a growing number of lenders moving up to 4.5%.
Despite that gloomy assessment, there were no new major developments causing bond markets to weaken (weaker bond markets imply lower bond prices and higher rates).  Rather, this has simply been the trend since late February when several Fed speakers made comments intended to "convince" financial markets that the Fed was intent on hiking the Fed Funds Rate this week....(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=716933
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#Posted on Monday, 13 March 2017 at 7:08 PM

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My archives (161)

  • Mortgage Rates Hold Steady Despite Strong...
    Mortgage rates held steady today,...
    Fri, March 10, 2017
  • Mortgage Rates Keep Pushing 2017 Highs
    Mortgage rates rose again today,...
    Thu, March 09, 2017
  • Mortgage Rates Spike to 2017 Highs
    Mortgage rates spiked, big-time, today....
    Wed, March 08, 2017
  • Mortgage Rates Remain Near Recent Highs
    Mortgage rates rose moderately today,...
    Tue, March 07, 2017
  • Mortgage Rates Slightly Higher
    Mortgage rates moved slightly...
    Mon, February 27, 2017
  • Mortgage Rates in Line With 2017 Lows
    Mortgage rates moved lower for 3rd...
    Fri, February 24, 2017
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