Mortgage Rates Still Trending Higher

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Posted To: Mortgage Rate Watch

Mortgage rates were higher again today, depending on the lender. Some lenders had already adjusted yesterday’s rate sheets for late day market weakness the followed the US/EU trade announcement (i.e. trade war averted). Lenders who didn’t adjust rates yesterday were simply left to do so this morning. Markets have worked through most of this week’s big ticket events (the things that could influence the bonds that influence mortgage rates). On 4 out of the past 4 days , we’ve seen the highest intraday bond yields move slightly higher. This forms a negative trend that should keep mortgage seekers feeling defensive when it comes to locking vs floating–especially in light of the fact that this is the first noticeable trend in more than a month. In other words, rates were exceptionally sideways…(read more)

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