Estimates of major market indicators that influence mortgage rates are provided by Dan Green of The Mortgage Reports. Some highlights of the prior week include:
It was another brutal week for mortgage rates, highlighted by the minutes from the Fed’s September 20 meeting. By week’s end, mortgage rates ticked up as much as 0.25%. If there was one lesson to learn from the market’s erratic behavior since mid-September (see graph above), it’s that mortgage rates swing too high and swing too low in response to economic data and never, ever really settle.
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