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“Mortgage Rates Head Back Toward Recent Highs”


From Matthew Graham at Mortgage News Daily: Mortgage Rates Head Back Toward Recent Highs

Mortgage rates were mixed today, with most lenders offering slightly better terms this morning compared to yesterday’s mid-day levels. Things took a turn for the worse in the afternoon as the stock market recovery pulled money back out of bonds. [30YR FIXED - 4.375-4.5%]
emphasis added

• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 3:00 PM, Consumer Credit from the Federal Reserve. The consensus is for consumer credit to increase .0 billion in December.
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