Mortgage Rates Close To Multi-Month Highs Ahead Of Important Jobs Data

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Posted To: Mortgage Rate Watch

Mortgage rates moved relentlessly higher for the fourth straight day on Thursday, bringing them close to the seven month highs last seen in mid-February. This comes as the result of some of the big-ticket market moving events markets have been waiting for this week, particularly the European Central Bank President's press conference as well as stronger than expected Jobless Claims data. Best-Execution for 30yr Fixed, Conventional loans is once again edging up to levels where 3.75% becomes a consideration though 3.625% remains more prevalent. ( What is A Best-Execution Mortgage Rate? ) When this morning's Jobless Claims numbers showed fewer Americans filed for first-time unemployment benefits than expected, interest rates in the secondary market moved higher, along with equities. The basic philosophy...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/299123.aspx

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