Mortgage Rates Rise to 1-Month Highs

Mortgage rates continued higher today adding to a losing streak that has only seen one day of improvement in the last 9. Rate sheets now most closely match those seen on May 10th. The most prevalently quoted conforming 30yr fixed rate for best-case scenarios (best-execution) is back at 4.25% for the second straight day. Most borrowers will still see the same rate as was quoted yesterday, but with higher closing costs. The increase equates to 0.02% in terms of rate.

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