From Matthew Graham at Mortgage News Daily: Mortgage Rates Head Back Toward Recent Highs
Mortgage rates were mixed today, with most lenders offering slightly better terms this morning compared to yesterday’s mid-day levels. Things took a turn for the worse in the afternoon as the stock market recovery pulled money back out of bonds. [30YR FIXED – 4.375-4.5%]
emphasis added
Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• At 3:00 PM, Consumer Credit from the Federal Reserve. The consensus is for consumer credit to increase $20.0 billion in December.