Mortgage Rates End Week at Highest Levels

Mortgage Rates End Week at Highest Levels

Mortgage rates rose fairly quickly on Friday, depending on the lender and the scenario.  Bonds (which dictate mortgage rates and interest rates in general) weakened overnight on a variety of foreign and domestic data.  While we can’t necessarily be sure that one particular development was more responsible for the move than another, we can observe that most of the damage followed news of surprisingly strong credit growth in China.  This could stand to reason given that China and Europe are central to the cautionary economic stance taken by the likes of the Fed.

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Angela Agana
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When you work with me, you will find that attention to detail is one of my biggest strengths. I strongly believe in the "Golden Rule" of treating others as I would like to be treated. I first fell in love with Northern Virginia when my spouse was stationed here with the Air Force over a decade ago. During that time, I have raised three children, contributed to the local community, and became passionate in helping others with their major life changing events - buying and selling their home.
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