• "Mortgage Rates Higher Still, Despite Calmer Market"

    7 days ago - By Calculated Risk

    From Matthew Graham at Mortgage News Daily: Mortgage Rates Higher Still, Despite Calmer Market
    Mortgage rates continued pushing up to new 7-year highs today, even if only by a small margin. This is notable because the underlying bond market (the primary factor in mortgage rate movement) suggested that rates should have fallen today. The issue is that bond markets were so weak on Friday that mortgage lenders didn't have a chance to fully adjust their rate sheets to reflect the losses. As such, there were still some losses to deal with this morning, and today's modest bond market improvement...
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