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Nathaly Burnett 253-732-9535     Email Nathaly

Mortgage Rates as of August 14, 2012

Mortgage Rates made an abrupt move higher today, leaving most lenders at their worst levels since early June.  Recent momentum has carried rates in a weaker direction despite a relative lack of impetus from underlying market events.  At first, this could be chalked up to low volume volatility, but volume surged today (yesterday too, to a smaller extent), and securities in rates markets hit levels not seen in months.  All told, it was enough to move the Best-Execution rate decisively up to 3.625%. Read more…

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