Mortgage Rates Jump to new 2015 Highs

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Posted To: Mortgage Rate Watch

Mortgage rates jumped significantly higher today, bringing most lenders to their highest levels of 2015. The most prevalently-quoted conventional 30yr fixed rate for top tier scenarios had briefly made it back to 3.875% at the end of last week. While a few of the most aggressive lenders remain at 3.875% most are now easily back up to 4.0%, and some are already up to 4.125%. Today's rate sheets are fairly similar to the other weakest days of the year on May 13th, May 6th, and March 6th. The underlying market volatility driving today's move can be considered an opening act for the big show that begins tomorrow and runs through Friday. Unlike those days where we can point to obvious sources for market movement, today's move is most readily explained by the domestic market's relationship with European...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/476842.aspx

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