Mortgage Rates Today

What’s driving current mortgage rates?

Average mortgage rates rose again yesterday, as we predicted. However, they moved up much more sharply than expected. It was a bad day.

Markets yesterday were seized with optimism. Good economic data from China set the tone for the day and that was fueled by better-than-expected numbers for American manufacturing and construction. Given that recent domestic economic data has been decidedly mixed, it may prove hard to maintain such extreme cheerfulness for long.

Indeed, the data below the rate table are indicative of mortgage rates holding steady or maybe just inching up today. However, regular readers will know these morning snapshots are intended as helpful guides rather than bullet-proof forecasts...

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