Bleakley Advisory Group's Peter Boockvar says the Fed and Global Central Banks Could Push the U.S. into Recession.

Mortgage Rates Highest Since Early 2011

Image placeholder title

Mortgage News Daily sees things slightly differently but the the disagreement is over a few meaningless basis points.

According to MND, Mortgage Rates at Two-Week Lows.

RECOMMENDED ARTICLES

Mortgage rates were slightly lower again today, but there are some caveats. First of all, the average lender wasn't in substantially better shape compared to yesterday afternoon. On top of that, bond markets (the underpinnings of mortgage rates) weakened throughout the day. If lenders were beginning their day looking at current bond market pricing, we'd likely have seen rates edge slightly HIGHER. As such, unless bonds manage to receive solid support from Asia and Europe on Monday morning, US lenders will likely be forced to bring rates a bit higher.

Today's Most Prevalent Rates

  • 30-YR FIXED - 4.75-4.875%
  • 15- YEAR FIXED - 4.25%-4.375
  • FHA/VA - 4.5%
  • 5 YEAR ARMS - 3.75-4.25% depending on the lender

Those rates are slightly higher than the rates posted by the St. Louis Fed.

Mike "Mish" Shedlock

Mortgage Rates Highest Since 2013 Taper Tantrum: "It's Not a Drill, It's Panic"

Mortgage rates are the highest since September 2013. If this level breaks, next target is February 2011.

Mortgage Rates Highest in Nearly Four Years

Mortgage rates are at the highest level since March of 2014, and another 15 basis points from the December 2013 level.

Mortgage Rates Move Higher on Fed Dot Plot Projections

How many hikes can the Fed get in this year? The Fed estimate is two more. Mortgage rates rose on the news.

"This Isn't a Drill" Mortgage Rates Hit Highest Level Since May 2014

A housing bust may be just around the corner. Rates have climbed to a level last seen in May of 2014.

Competing Mortgage Headlines: Rates Barely Move vs Rates Surge Lower on Powell

Freddie Mac says "mortgage rates barely move" but Mortgage News Daily says "rates surge lower"

Mortgage Rates Hit 7-Year High

Bond yields jumped on Friday in response to a strong jobs report. Mortgage rates went along for the ride.

Effective Fed Funds Rates Jumps to Highest All Year

The effective Fed Fund Rate jumped today, but what does it mean?

Monetary Madness: Inverted Negative Yields in Germany, Negative Rate Mortgages

Monetary madness hit new extremes. Mortgage rates are -0.5% in Denmark. In Germany, a negative-yield curve inverts.

It's Likely You Can Refinance Your Mortgage At a Lower Rate

Mortgage rates are approaching record lows. Investigate refinancing.