Mortgage Rate Update
During the shortened Thanksgiving workweek, there was a slight uptick in mortgage rates.
Mortgage rates have been fluctuating in recent weeks, heading up slightly and then down again. Last week interest rates on home loans floated down a little.
Mortgage rates rose again last week, buoyed by positive economic news from the week ending November 4 followed by mixed data for the week ending November 11.
Mortgage rates are beginning to rise again for the first time this autumn on the basis of multiple positive economic reports last week.
Economic data that once again failed to show positive momentum kept mortgage rates low last week.
Previously on Mortgage Rate Update
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