Mortgage Rates Up To 2-Week Highs
Mortgage Rates Increased Moderately to Begin the new Week/Month and Had Been Increasing In general during the previous week. The net effect is some lenders are quoting Rates that are An eighth of a point higher compared to those seen at the beginning of last Week, and an Average Rate Quote that's as high as it's been in just over 2 weeks.
In the bigger picture, this amount of movement is fairly tame. The average top tier rate Offering is still easily under 4.0% and recent volatility is not nearly as big as that seen in September. All that to say, Today in and of itself is no Major Cause for Concern.