Mortgage Rates Edge Higher

Aug 13 2012, 1:38PM…from Mortgage News Daily
Mortgage Rates were paradoxically higher today giving some pause to a bounce back from the month’s highest rates last week. Although not altogether uncommon, today’s mortgage rate landscape is slightly counterintuitive in the sense that Treasuries and even underlying MBS (the “mortgage-backed-securities” that most directly influence mortgage rates) have been in marginally improved territory most of the day (improved = lower rates).

That said, the changes in market levels versus Friday afternoon are minimal, and there are several common reasons that lenders occasionally raise their rates despite steady or improving market conditions.

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