Monday, 17 January 2022 | The Latest Buzz for the Appraisal Industry

Mortgage Rates Start Strong, But Ended Higher

Mortgage rates started weaker and ended stronger yesterday. Unfortunately , today delivered exactly the opposite scenario. The underlying bond market (the most important factor in determining mortgage rates) started the day at levels that would have allowed lenders to offer some of their lowest mortgage rates since early November. But bonds began to deteriorate too early in the day for lenders to ignore. As the day continued, mortgage bonds lost more ground. Ultimately, a majority



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