Mortgage rates start the week higher
FROM THE WIRE · MORTGAGENEWSDAILY.COM
Mortgage rates were moderately higher to start the new week, adding to the modest losses seen on Friday. The silver lining is that any of the past 3 business days saw the lowest rates since September 23rd. There were no clear reasons for today's rate movement in terms of…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHigher mortgage rates signal rising bond yields and falling bond prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Mortgage rates moved moderately higher to start the week.
- 02Over the past 3 business days, rates had been at their lowest since September 23rd.
- 03Last week's big swings were driven by broad bond market sentiment.