Available 7 Days/Week       MON - FRI  8am - 7pm       SAT - SUN  10am – 6pm
Call us (888) 259-2257
Apply Now

Highest Rates in a Week After Surprisingly Strong Economic Reports

Mortgage rates moved higher again today, bringing the average lender to the worst levels since last Thursday.  There are a few exceptions to that due to recent regulatory changes.  Specifically, many lenders made improvements to loans for 2nd homes and investment properties.  That’s the short version.  If you need to background, here’s the long version.

The average loan scenario was unaffected by the regulatory changes and thus was free to react to the day’s bond market weakness.  Bonds responded immediately to a pair of economic reports that came in much stronger than expected this morning.  In general, stronger data pushes bond prices lower and yields (aka “rates”) higher.  

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Fidelity Home Group | Mortgage News | Mortgage Rates

#fidelityhomegroup, #homebuyerexperts, #mortgagerates #mortgagenews # mortgage, bond markets, Interest Rates, mortgage rates


Copyright © 2022 Fidelity Home Group supports Equal Housing Opportunity | All Right Reserved  | NMLS Identifier 1834853. Fidelity Home Group is not affiliated with the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA). Fidelity Home Group is a Mortgage Corporation serving the state of Florida. Not intended for legal or financial advice, consult your own professionals if such advice is sought. This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties in the state of New York will be accepted through this site. Accessibility Statement  | Consent to Receive Electronic Loan Documents  |  Cookies Policy   |  Disclosures  | Email and Mobile PolicyFair Lending Policy  |  File a Complaint Mortgage Assumptions  |  NMLS Consumer Access  |  Privacy Policy  |  Terms of Use