Mortgage Rates Treading Water Near Long-Term Highs

Home / Blog / Mortgage Rates Treading Water Near Long-Term Highs

Posted To: Mortgage Rate Watch

Mortgage rates are having a bleak September, having risen at least an eighth of a percentage point in all cases and by a quarter of a point in many cases. Depending on the lender and scenario, conventional 30yr fixed rates of 5.0% aren't out of the question although 4.875% remains far more prevalent for borrowers with lots of equity/down-payment and top-tier credit. Either way, that's as high as mortgage rates have been since 2011 for most lenders. Most of the recent damage had been done by Wednesday afternoon of last week. Since then, underlying bond markets haven't been moving as much, relatively. This could have everything to do with Wednesday's Fed Announcement where the Federal Reserve will undoubtedly hike its policy rate and release updated economic forecasts. Incidentally, today's rates...(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...

2ea3a88f 0b06 4572 b523 70881f54f2a1 8be8657a af64 46c5 92dd 96b930df286d 6f51a811 b24c 406b aca5 d32ebafeadce 659d5618 2670 40c4 962f af8c87792ece 9c0fa53b 3009 4048 b38b 94b3ac97ea7e 032eafa5 9172 4737 a39c a341162ad55d b48bc5e6 f201 4018 9f04 f0bf3667d4e1 fb734928 d0a8 46c0 a78b 075dd7eb346c 529f72e1 d32f 4b56 9a72 f31ced88deed 06df1973 b55e 40f2 a07e ec3abd2c49b7 a2a459b1 300e 4634 9586 c8e89462be23 b9a5a90f a375 4c33 9787 734119b0555d 61d823c2 1b0d 45ec 94de 69ea9d8361c1 7c3d6984 d1d7 4a93 9e1a 4c7e1177ada8 eca8e7b6 fa0d 4306 add9 043bcb40b8ee 27783984 94ca 4b67 abb3 93cf5d17fcba b78488ca 9d8d 48c9 9e6d 30664263fb31 019dfa04 37c3 41d0 a938 4890f5e160f1 24f677c9 26f6 4a86 918f 826606c1c26e 009e6509 7f4b 4761 8560 3200699d82f0 3c24f787 42be 43e4 85ed 2476a342b41a 44593223 df83 4aa3 a2f1 0de9d7a2a135 74561003 e93f 4c5d be6e c128542699c3