Call (248) 674-6450 For an Instant Pre-Approval!
by Trevor Sines

Mortgage rates rose slightly again today, despite moderate improvement in underlying bond markets.  Typically, bond market improvement corresponds to lower rates.  Today was an exception because of the timing of recent volatility.  Friday afternoon saw a sharp deterioration in bond markets (implies rates moving higher), but for many lenders, it was too late in the day to reissue rate sheets.  Those lenders had to wait until this morning to adjust rates higher to account for the bond market movement.  In simpler terms, today's higher rates are merely a delayed reaction to Friday's bond market weakness.

...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Share this article

Leave a comment

Your email address will not be published. Required fields are marked *