Mortgage rates¬†rose modestly¬†today, compared to yesterday's latest levels. ¬†Compared to the morning's rate sheets however, the rise was sharper, but even then, we're talking about fairly small movement in the bigger picture. ¬†4.125% is still easily the most prevalent conventional 30yr fixed quote for top tier scenarios, with the only change being in the form of slightly higher upfront cost.
It was a volatile day for financial markets with news of air strikes in Syria being the focal point for overnight trading. ¬†Bond markets (which dictate mortgage rates) started the day off in much better shape as a result. ¬†Rates only found more benefit from the big jobs report, which was much weaker than expected. ¬†Weaker economic data tends to motivate bond buying and thus, lower rates. ¬†...(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=727307