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Updated · Mortgage News Daily · Apr 28Average lenders increase mortgage rates after two days of bond market decline
6 articles · Updated · Mortgage News Daily · Apr 28
- Mortgage rates rose moderately today as lenders adjusted for two consecutive days of steady bond market weakness.
- Most lenders delayed rate changes yesterday due to gradual market shifts, resulting in a larger adjustment this morning.
- The increase is more significant than recent daily moves, but not due to heightened volatility or unusual market events.
Are daily lender 'catch-up' adjustments creating artificial volatility in the mortgage market? If inflation persists, could the Fed be forced to hike rates, pushing mortgages toward 7%? For homeowners who missed sub-6% rates, what is the new financial trigger for a refinance? As rates rise, what little-known assistance programs can help first-time buyers afford a home now? With experts forecasting rates above 6%, is the dream of sub-5% mortgages now gone for good? Are lenders using geopolitical fears as a cover to widen their profit margins on mortgages?