Mortgage Rates Steady Ahead of Potential Volatility

Mortgage rates recovered somewhat after moving to the highest levels in nearly a month yesterday. That sounds more dramatic than it is considering the exceptionally slow and steady move toward higher rates from mid-October. Ironically any day during this seemingly pervasive move higher would still qualify as the best day of the year had it occurred before early October. As of yesterday, however, that is getting very close to no longer being the case.

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