Thursday , 21 January 2021

Mortgage Rates Match December Highs

By Matthew Graham

Posted To: Mortgage Rate Watch

Mortgage rates continued higher today as lenders opted for typically conservative holiday pricing strategies. The bond markets that most directly influence mortgage rates improved slightly from yesterday’s precipitous weakness. Normally, those underlying market movements do more to move rates than anything else, but in cases where lenders are getting caught up to abrupt market changes or when they’re protecting against uncertainty associated with long holiday weekends, their individual strategies can result in higher rates in spite of market movements suggesting lower rates. That’s the case today, and it puts the average conforming 30yr fixed rate quote at 4.0%, matching the previous high from December 5th. There’s no way to know if rates will move higher or lower next week (don’t expect much…(read more)

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