Tuesday, February 06, 2018

"Mortgage Rates Head Back Toward Recent Highs"

by Bill McBride on 2/06/2018 06:29:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Head Back Toward Recent Highs

Mortgage rates were mixed today, with most lenders offering slightly better terms this morning compared to yesterday's mid-day levels. Things took a turn for the worse in the afternoon as the stock market recovery pulled money back out of bonds. [30YR FIXED - 4.375-4.5%]
emphasis added
Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 3:00 PM, Consumer Credit from the Federal Reserve. The consensus is for consumer credit to increase $20.0 billion in December.