Rates Continue Hovering Near 2015 Highs

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Posted To: Mortgage Rate Watch

Mortgage rates remained near recent highs for a 2nd straight day after rising quickly on the first two days of the week. With the exception of only one other day, the past 3 days have been worst of 2015. Lenders continue quoting conventional 30yr fixed rates of 4.125% on top tier scenarios. On a positive note, today's market movement suggested more weakness than we actually saw on rate sheets. That said, yesterday was the opposite. The conclusion is that lenders are defensive and are leaving themselves a cushion on rate sheets to absorb the volatility and weakness that has quickly become the rule vs the exception. The scary thing is that the past 3 days have actually been very well contained in terms of market movement. Historically, that's not the kind of thing you want to see when rates are...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/482514.aspx

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