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Mortgage Rates Expected to Move Lower in the Week Ahead image

Mortgage Rates Expected to Move Lower in the Week Ahead


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June 15, 2009
   

   
 

After two weeks of steadily increasing mortgage rates, from the mid 4's to the mid 5's, volatility in the mortgage market has show signs of stabilization . Last week mortgage rates topped out near 5.625% before a late week MBS market improvement allowed lenders to lower the par 30 year conventional fixed mortgage rate closer to 5.25%. This week begins with MBS trends continuing to indicateg that mortgage borroworing costs should continue to moderate. For new readers and as a reminder for…(read more)

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