Last Tuesday the 10 Year was at 1.97 and today it is at 2.37!!
Interest rates increased a tad bit, but what really suffered was lender rebate which mostly is used for lender credit these days. So in a nutshell, the cost of a loan just went up!!
What the heck is going on? I'm not a conspiricist but its so funny that rates went up at the same time HARP 2.0 rolled out.
But just to make it clear to the readers, it had nothing to do with rates spiking up.
The only thing that may bring the rates to positive territory this week is tomorrows Existing Home Sales and Thursdays Jobless Claims.
Lets keep our fingers crossed!
Anybody want to share their opinion on what may or may not happen with rates this week?
Comments(0)