What moved rates? Why did they move? and, How did we end up where we are today? From time to time we have bouncy weeks that will have big swings in rates on a daily to almost hourly basis, This week was one of them. It was entirely possible to call me in the morning and in the afternoon and be quoted to entirely different rates in a given day, but if I quoted rates last Friday and again this Friday it would look like NO CHANGE. Yet from Friday of last week to Tuesday it looked like a home run. That is the Fun of the mortgage business, and all the more reason you need a trusted mortgage adviser helping you in the biggest investment of your lives. Here is a quick synopsis of this week: This has been a bumpy ride for Mortgage rates this week with some mixed signals that have the market c...
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