Mortgage Rates Start Stronger But Moved Higher During The Day

mortgage rates start stronger but moved higher during the day

Sumary of Mortgage Rates Start Stronger But Moved Higher During The Day:

  • Actually, it was the underlying bond market (which largely dictates mortgage rates) was sending promising signals by apparently building on the bigger improvements seen on Tuesday.
  • This is exactly what mortgage lenders needed in order to feel comfortable setting rates at even lower levels.
  • For more than a few lenders, the intraday losses were enough to prompt mid-day reprices (meaning that the initially-offered mortgage rates were replaced by slightly weaker terms.

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