Mortgage rates rose for the 4th time in 5 weeks last week, extending a losing streak which dates back 4 months. This week, they should do the same.
Mortgage markets worsened last week in a holiday-shortened trading week. For the second straight week, conforming and FHA mortgage rates increased.
Mortgage markets improved for California last week during a rainy and holiday thinned series of sessions on Wall Street. This week, it’s back to normal…..sort of….
In a holiday-shortened week on Wall Street, mortgage markets improved on 3 of 4 days, but still posted its fourth consecutive losing week. Rates are rising.
Mortgage markets worsened last week in back-and-forth trading, pushing conforming mortgage rates higher on the week. Data coming out this week could push rates lower…or higher, depending on the data. Are you prepared to take action?
In back-and-forth trading last week, conforming mortgage rates bottomed out Wednesday before rising through Friday’s afternoon close. This week should be even more volatile.
Mortgage markets in California were highly volatile, yet relatively unchanged last week in back-and-forth trading on Wall Street. But this week may be……