Daily Rate Update: Mortgage Rates Close to Multi-Month Highs Ahead of Important Jobs Data

Mortgage Rates Close To Multi-Month Highs Ahead Of Important Jobs Data

Mortgage rates moved relentlessly higher for the fourth straight day on Thursday, bringing them close to the seven month highs last seen in mid-February. This comes as the result of some of the big-ticket market moving events markets have been waiting for this week, particularly the European Central Bank President’s press conference as well as stronger than expected Jobless Claims data. Best-Execution for 30yr Fixed, Conventional loans is once again edging up to levels where 3.75% becomes a consideration…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/299152.aspx

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