If you need assistance, please call 407-288-5182

Mortgage Rates Slightly Higher, But Still Near All-Time Lows

Friday, July 10, 2020   /   by Erik Bjorklund

Mortgage Rates Slightly Higher, But Still Near All-Time Lows

Mortgage rates were slightly higher today for the average lender.  Additionally, some lenders bumped rates a bit in the middle of the day in response to weakness in the bond market.  That weakness is increasingly tied to broad movement playing out across markets as they respond to coronavirus implications.

With several states seeing rising numbers of cases, stocks and rates (via the bond market) moved lower in unison in pre-market trading.  This is what allowed mortgage rates to begin the day relatively close to last week's all-time lows.  As the day progressed, the trend shifted toward modestly higher rates and higher stock prices (i.e. risk tolerance improved after investors began the day cautiously).

...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Fidelity Home Group | Mortgage News | Mortgage Rates
eXp Realty
Tony Fuentes
1999 W. Colonial Dr
Orlando, FL 32804

© 2021 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.4/13/2021 3:12 AM CST
This site powered by CINC: www.cincpro.com