Mortgage Rates Edge Up To Highest Levels In December

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Mortgage rates continued higher on Thursday following stronger-than-expected economic data and continuing the losses after yesterday's FOMC announcement. There continues to be more stratification between lenders' rate offerings than normal. Some rate sheets are marginally better than yesterday's latest while a few big lenders are significantly worse. On average, rates are at their highest levels of the month today and Best-Execution is back up to 3.375% for a majority of lenders. ( Read More:What is A Best-Execution Mortgage Rate? ) Factoring out declines in Gasoline, this morning's Retail Sales report was stronger than expected and Jobless Claims were lower-than-expected. In general, stronger economic data tends to put pressure on interest rates to rise, though is certainly not the only factor...(read more)

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

Source: www.mortgagenewsdaily.com

- For more real estate news visit our website at http://www.AzHomeHelp.com