Mortgage Rates Hit New 2015 Highs after Jobs Report

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Posted To: Mortgage Rate Watch

Mortgage rates are officially having a bad June. It's not quite as bad as February, but February began with rates very close to all-time lows, and served as more of a correction to a previously positive trend. June, on the other hand, follows 2 straight months of higher, more volatile rates. Without a shadow of a doubt, it's on pace to be the worst month we've seen in years. Of course that assumes the pace continues to follow the example set by the first 5 days, and that is highly unlikely. Still, if the month were to end right now, we'd have to go all the way back to June 2013 in the throes of the taper tantrum to find anything worse. And yet, rates are just barely up into the 4's. Quite a few lenders moved up to quoting 4.25% today for conventional 30yr fixed loans, but at least an equal...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/477667.aspx

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