Below is an excerpt and link from my friend Matt Graham of Mortgage News Daily that’ll update you on how mortgage rates closed last week, and where they’ll go next week.
Matt is the best real-time mortgage rate and market analyst out there, and has been at it for almost 15 years. More media and real estate portal rate commentary than you realize is either sourced from his work — or directly copied from his work.
As recently as last Thursday, news outlets were reporting mortgage rates had only risen modestly this week with 30yr fixed rates still well under 3.00%. In fact, they were already well over 3.00% by then.
So who’s lying to you?
Check It Out: