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James Bakerink
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Posts from May 5th, 2022

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May 5th, 2022 by

 

 

Mortgage Rates Steady at Long-Term Highs Ahead of Fed

MAY 3, 2022 - Mortgage rates hit their highest levels since 2009 yesterday amid the fastest spike since the early 1980s.  Today's rates were very similar on average, but the bond market left some room for mortgage lenders to offer improvements during the day.  A few of them did, but bond gains evaporated in the afternoon, resulting in rates returning back to long-term highs by the close.

As for motivations, today's volatility wasn't overtly connected to any individual root cause.  The best cases for correlati...

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Categories: News
Tags: Boise, ID, Coldwell Banker Tomlinson, For sellers, For Buyers, Caldwell, Eagle, Emmett ID, Garden Valley ID, Grand View ID, Kuna ID, Meridian ID, Middleton ID, Mountain Home ID, Nampa ID, Payette ID, Star ID
Related Markets: Boise, Caldwell, Eagle, Emmett, Garden Valley, Grand View, Kuna, Meridian, Middleton, Mountain Home, Nampa, Payette, Star
James Bakerink
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