Mortgage Rates Slightly Higher. More Volatility Ahead | doublenjoymentech.com

Mortgage Rates Slightly Higher. More Volatility Ahead

Rates jumped significantly higher last week and have continued drifting up at a gradual pace since then. The average lender remains in terr...



Rates jumped significantly higher last week and have continued drifting up at a gradual pace since then. The average lender remains in territory that’s roughly an eighth of a point below the long highs seen in early May. In more tangible terms, when it comes to a conventional 30yr fixed loan, a lender who was offering 5.625% on May 6th would be at 5.5% today, on average. That same lender would have been offering 5.25% at the recent lows from May 27th.

In other words, we’re most of the way back to long-term highs after a solid diversion during the last 3 weeks of May. But the current stance in rates is less interesting than what may lie ahead. If we could only give one name to what may lie ahead, it would be “volatility.” If we could use an adjective, it would be “potential.”


Why?

Tomorrow morning brings an important policy announcement from the European Central Bank. Granted, Europe is not the US, but there’s an interconnectedness in financial markets that means EU rate drama will spill over to US rates, at least to some extent. After that, there’s a key inflation report on Friday morning (the Consumer Price Index or “CPI”). If it comes out much better or worse than expected, it could easily push rates an eighth of a point higher or lower.


A D V E R T I S E M E N T

COMMENTS

Name

Attorney,2,Celebs,2,Donation,2,Education,2,Law,1,Life Insurance,5,Loan,1,Mortgages,4,
ltr
item
doublenjoymentech.com: Mortgage Rates Slightly Higher. More Volatility Ahead
Mortgage Rates Slightly Higher. More Volatility Ahead
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQwdwQSNT_jok3o1QeOZ-oJsyc_gO3n1Hzlp0IIP7ipz3NClkkNl317WYi3y0RmKqjWYY9sIkt0cOmzDWeSNXrOP1T3af1qvBCkue632IwMXykulOZ-qRh3UrCOAfx9mYnCBSl1EcSybdA95vMkyum15e-0cGTa-siIZPtA2Za3-xl4EmfobiRCQCZKA/s320/dum.png
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQwdwQSNT_jok3o1QeOZ-oJsyc_gO3n1Hzlp0IIP7ipz3NClkkNl317WYi3y0RmKqjWYY9sIkt0cOmzDWeSNXrOP1T3af1qvBCkue632IwMXykulOZ-qRh3UrCOAfx9mYnCBSl1EcSybdA95vMkyum15e-0cGTa-siIZPtA2Za3-xl4EmfobiRCQCZKA/s72-c/dum.png
doublenjoymentech.com
https://www.doublenjoymentech.com/2022/07/mortgage-rates-slightly-higher-more.html
https://www.doublenjoymentech.com/
https://www.doublenjoymentech.com/
https://www.doublenjoymentech.com/2022/07/mortgage-rates-slightly-higher-more.html
true
3721329093743165551
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy