What Might Move Mortgage Rates This Week?

Mortgage rates continue to hold below 5% despite some better than expected economic data last week. As a general rule, better than expected economic data usually leads to higher mortgage rates while worse than expected data improves rates (that has not been the case recently though). At the close on Friday, the prices of mortgage backed securities were near the highest levels seen since early this summer. As the price of MBS moves higher, lenders have the opportunity to offer lower mortgage rates to consumers. …(read more)
Click Here to Get Great Rates And A Speedy Approval From Lending Tree Without Any Hassels.
Go to Source