Mortgage Rates Finish Flat After Starting Higher
Mortgage rates began the day at the highest levels in a month. The move up versus Friday was only moderate, but Friday's levels were already fairly close to early Feb's highs. Oil prices continue putting upward pressure on rates, but with several caveats. It takes quite a big move in oil to motivate enough movement in the bond market to impact mortgage rates. With this morning's spike being the largest on record at the time, today certainly qualified. But over the course of the day, both oil and bonds reversed course, thus allowing the average lender to adjust rates back in line with Friday's latest levels.
Categories
Recent Posts
New York loft renovation by Studio Vural comprises "pods in a box"
ELLE Decoroscope: Your August Horoscope Is Here
Montreal restaurant Minnibar by Ivy Studio "embraces its raw shell"
Kilroy staring down another 1M sf of lease expirations
Go west for condo heat: Sales up 22%, trades average $1.4M from Palisades to DTLA
A Historic North Fork House Designed for Long Summer Days
Developers, fire victims continue to clash as rebuilding efforts pick up speed
From the Archive: Nearly 1,100 Artworks Hang in This Dutch Countryside Castle
Meg Ryan Has Landed a Buyer for Her $15.3 Million Hamptons Home
LA losing affordable housing as mom-and-pop landlords exit
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California, 92656, USA