Mortgage ratesÃ‚Â moved higherÃ‚Â for the 6th time in the past 7 business days, even after several lenders offered mid-day improvements in the afternoon. Ã‚Â That leaves them at their highest levels of the year, although things were worse for most lenders earlier this morning.
4.25%Ã‚Â remains the most prevalent quote on top tier conventional 30yr fixed scenarios. Ã‚Â Like yesterday, a few more lenders moved up to 4.375%.
It continues to be the case that there is little rhyme or reason to the short-term market movements causing volatility for rates. Ã‚Â The bigger picture themes are more relevant. Ã‚Â Those themes suggest…