Rates Rise on Friday, Now Near 2-Month Highs
Mortgage rates were only modestly higher on Friday, but because of the narrow prevailing range and previous increases this week, that brings us right in line with 2-month highs. Bonds (which dictate rates) began the day with promise. There was heavy buying (good for rates) in the 7am hour. This coincided with stocks challenging their lowest levels in weeks. But both stocks and bonds bounced back in the 9am hour. Bonds ultimately erased all of the morning's gains and, thus, the hope for today's mortgage rates to be lower than yesterday's.
Categories
Recent Posts
Mortgage Rates Drift Modestly Higher
Highest Mortgage Rates in Just Over a Week
Why Mortgage Rates Didn't Fall as Much as 30yr Bonds Today
Mortgage Rates Continue Higher Despite Bond Market Improvement
Mortgage Rates Start Week Higher
Mortgage Rates Slightly Higher to End The Week
Lowest Mortgage Rates in Nearly 4 Weeks
Mortgage Rates Back at 3 Week Lows
Mortgage Rates Sideways to Slightly Higher
Mortgage Rates Rise Modestly From 3 Week Lows
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "