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"Mortgage Rates Under Pressure After Powell Nomination and Bond Auctions"

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by Calculated Risk on 11/22/2021 06:23:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Under Pressure After Powell Nomination and Bond Auctions

Mortgage rates began the new week on a bad note with the average lender full erasing the improvement seen on Friday. This leaves many lenders at their highest levels since April, but in those cases, it should be noted that today’s rates are extremely close to those seen in late October. In other words, we’re essentially back in line with the highest levels in more than 7 months. [30 year fixed 3.24%]
emphasis added

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