Mortgage Rates Snap Back to Recent Highs

Home / Blog / Mortgage Rates Snap Back to Recent Highs

Posted To: Mortgage Rate Watch

Mortgage rates moved higher today , reversing the improvement seen last Friday. The average lender is now back in line with their highest levels of the past few weeks, although that statement requires some qualification. During that time, mortgage rates have been in such a narrow range that we can only measure day-to-day changes in terms of upfront closing costs/credits. Actual interest rates haven't moved, but "effective rates" are back at recent highs. The net effect is that it would require several hundred additional dollars for every $100k financed in upfront costs to get the same interest rate. Part of the problem today--depending on your point of view--was exceptionally strong economic data. While it's good news for the economy, such data is generally bad for rates and today was no exception...(read more)

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

Source: http://www.mortgagen...

dd404da2 9080 44c5 a7fb e29d1ef158c7 589d499f dd49 4f00 b287 7a7e381e3dc8 670920f4 7b4b 4b18 9305 abfd0e0ac62c a772d638 a399 40d5 bcd0 4bc18294702f 1bce4ab0 2f97 4eda b1f0 cb1404043a44 7780cf17 dfcf 49e3 9a46 e71a072fe273 d4fefe62 e6d0 41e0 8f8f ae44db043210 909fcf0b 656b 4722 999f bfee045c073a 31ea8e2e a774 4f2b 9630 7eeb128e45c9 9ff1e9a6 f1b6 4c5f 8f73 f9f1b2dd2a40 fe741bcc 385f 44e2 b01f 80966c94e78a 9f56d265 622a 4892 b48a c80963cf6235 fa7b149a 45f8 43a2 ad8a 00cc3fc4b330 7cfcd06c e20a 45a3 87ba 5e51bc72f3c2 03d0bc6d 3faa 4f17 9fc0 9bd08f8c2c8f 1a37d6be edda 4e75 a501 49aea001d1ac 3d7f4ffd 36ff 4430 b651 fe7350321856 229d9bba 1ec8 4c3a b16d d979d69bb331 aeae9e70 9426 4f38 b7a0 3eb65ff0ee46 62cd394a cd8b 40dc 8c27 70665ce812c7 e8002c32 e273 43d1 89ee f05c81cb0b12 b90a674a c5dd 4911 8a2a e3659f919782 39f231c7 d0a2 433b 8187 f5947423be9a