by Calculated Risk on 12/31/2021 05:15:00 PM
From Matthew Graham at MortgageNewsDaily: Highest Rates in a Month, But Just Barely
In other words, we’re only able to say “highest rates in a month” because they finally trickled to just slightly higher levels. On that note, we might as well prepare for the next technicality. Specifically, if things get just a bit worse, we’ll soon be able to say “highest rates in 9 months,” even though they won’t be too terribly different from today’s.
This is a graph from Mortgage News Daily (MND) showing 30-year fixed rates from three sources (MND, MBA, Freddie Mac) since 2010.