Posted To: Mortgage Rate Watch

Mortgage rates remain at or near all time lows , but they haven’t moved much since hitting them earlier this week–at least on average. In fact, the average lender INCREASED rates just slightly today–a turn of events that’s fairly mind-boggling for those that understand the connection between mortgage rates and the bond market. To get the best sense of what’s going on here, I’m going to point you toward the following newsletter, which lays things out as thoroughly and succinctly as possible: Loan Originator Perspective It’s getting utterly crazy in mortgage world, hearing about lenders requiring 100 day locks, some no longer accepting new loans, etc. Day to day pricing is now more capacity related than tied…(read more)

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Source: Mortgage News Daily