Mortgage Rates (And Uncertainty) Remain High

Posted To: Mortgage Rate Watch

Mortgage Rates didn’t move much today, with most lenders just slightly higher than yesterday. This keeps us right in line with the highest levels in more than 4 months. For the sake of perspective, outside the past 4 months, rates have hardly ever been as LOW as they are today. The average lender is quoting conventional 30yr fixed rates of 3.625% on top tier scenarios, though several remain at 3.5%. The bond markets that underlie rate movement are generally defensive and uncertain at the moment. Investors are anxious to see if next week’s Fed announcement …read more

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