Slight Increase In Mortgage Rates in the Past 3 Months.
With the early October lows representing a modest increase from the early September lows, There's a risk that a bigger-picture shift is taking place.
Simply put, the long-term trend of falling rates that began roughly 1 year ago could be in The process of shifting toward a trend Of rising rates.
Rates have been rising in general for almost the entire month of October, after Taking Another run at long-term lows. The previous attempt (a successful one) saw rates hit the lowest levels in more than 3 years At the beginning of September.
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