June 9, 2014 Mortgage Rates Back up to Last Wednesdays Levels **Happy Monday! Click on the link below to see the most adorable kitty video to make your Monday Blues a little less! Mortgage rates rose moderately today. Market conditions were exceptionally quiet and after trading opened in the secondary mortgage market, there was almost no movement for the rest of the day. This follows 2 days at the end of last week that also realized very little of their rate-movement potential, though they did see some volatility. Unsurprisingly, that leaves rates very much in line with Wednesdays--the day before the volatility showed up. In other words, financial markets braced for bigger impact from last weeks European Central Bank Announcement and the Employment Situation report. While there was a decent amount of back and forth movement, rates ultimately leveled off as if those events never even happened. The most most prevalently quoted conforming 30yr fixed rate for best-case scenarios (best-execution) is back to 4.25% with todays weakness. blog.petflow/hysterical-this-cat-teaches-a-young-kitten-a-very-valuable-lesson-im-cracking-up/?utm_source=fbrescueAMCdearkitten&utm_medium=Facebook&utm_campaign=dearkitten
Posted on: Mon, 09 Jun 2014 21:55:27 +0000
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