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Mortgage Rates Slightly Higher Today, But Sharply Lower This Week
After dropping sharply over the past 5 days, mortgage rates finally reminded us that they're still capable of moving higher. Thankfully, today's bump was modest in the recent context, only adding 0.04% to a 30yr fixed that had fallen 0.27% since October 7th. Even though today's losses were minimal, they're potentially informative. Much of this week's improvement can be traced to concerns surrounding tech companies, and possible warning signs about a reduction in AI-related spending/investment throughout the sector. While it's too early to draw any conclusions about such things, we can certainl
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Mortgage News DailyMortgage Rates Slightly Higher Today, But Sharply Lower This Week