Daily Rate Update: Mortgage Rates Rise Following Following Fed Statement, not Necessarily Because of It

Mortgage Rates Rise Following Following Fed Statement, Not Necessarily Because Of It

Mortgage rates moved higher today for the first time in nearly two weeks. Although the changes in lenders’ rate sheets versus yesterday were largely a factor of late-day market gyrations that followed the afternoon’s FOMC Announcement and Press Conference, the weakness in bond markets wasn’t directly linked to any of the FOMC Headlines or any particular question/answer from Bernanke’s press conference. In the grand scheme of things, the movement was small, but just enough relative to the day’s flat…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/300891.aspx

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