Posted To: Mortgage Rate Watch

Things are quickly getting interesting for mortgage rates , and by ‘interesting,’ I mean potentially alarming. Everything’s relative though, so it should be said right up front that the average mortgage rate is still only a hop and a skip from the all-time lows seen last week. But the recent past and present are old news when it comes to discussing rates and financial markets, right?! We want to know what the future holds! Up until this week, there was a fairly even balance of opinion among analysts, economists, and mortgage market stakeholders. It was and still is perfectly valid to believe rates have an equal chance of pecking away at new all-time lows versus embarking on a journey back toward much higher levels. That said, those who saw equal chances of higher vs lower rates are being forced…(read more)

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Source: Mortgage News Daily