Mortgage rates¬†rose again¬†today, bringing them further into the highest levels of the year. ¬†If there's anything redeeming about the move it's that it wasn't nearly as abrupt as yesterday. ¬†In fact, several lenders were fairly close to yesterday's offerings. ¬†The average lender is back up to 4.375% on top tier conventional 30yr fixed quotes. ¬†A few remain at 4.25% and some are already up to 4.5%.
Bond markets (which underlie rate movement) are feeling pretty pessimistic right now, primarily due to the recent and rapid increase in Fed rate hike expectations....(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=716001