Mortgage Rates Right Back to 2015 Highs

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Posted To: Mortgage Rate Watch

Mortgage rates bounced back up to the highest levels of 2015 today. Yet again, it was a frustrating and seemingly serendipitous move, unable to be blamed on any particular event or data. Markets and market-watchers don't like this because it makes it hard to know when and why the next big move will happen. Even so, the phenomenon has been a fairly constant companion in the past 2 months as investors consider the possibility that global interest rates bottomed out in April. With a big-picture consideration like that, trading in bond markets has become less about reacting to "normal stuff." Instead, investors are merely trying to make their way toward higher rates as quickly as possible just in case this move is "the big one." Where this stops, nobody knows . But as we've discussed since the...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/478399.aspx

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