Daily Rate Update: Mortgage Rates Continue Higher as Market Activity Increases

Mortgage Rates Continue Higher As Market Activity Increases

Mortgage rates moved slightly higher again on Tuesday, continuing a gentle drift higher from the lowest levels in several weeks on Friday. While yesterday’s rates were arguably in line with most of last week’s offerings, today’s weren’t quite comparable. That said, they certainly haven’t risen back to the previous week’s levels or even to last Monday’s levels for some lenders. 3.625% continues to be the most common Best-execution rate for 30yr Fixed, Conventional loans with today’s deterioration…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/298708.aspx

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