Mortgage Rates Remain at Highest Levels in Seven Years Despite Stock Market Commotion – Research

RECBL – Real Estate News. A sharp sell-off in the bond market is sending mortgage rates to the highest level in seven years. The average contract rate on the 30-year fixed will likely end the day as high as 4.875 percent for the highest creditworthy borrowers and 5 percent for the average borrower, according to Mortgage News Daily.

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Mortgage Rates Remain at Highest Levels in Seven Years Despite Stock Market Commotion By Aaron Terrazas on Oct. 17, 2018 Mortgage rates have held steady for the most part, absorbing a turbulent week in the stock markets without much commotion themselves.