The benchmark 30 year fixed rate mortgage increase 19 basis points from 5.83% to 6.02% according to a MortgageLoan.com national survey of mortgage lenders.
The week was relatively calm compared to prior weeks, with no Fed actions, and no big surprises in the economic reports. The news however was largely a mixed bag. Housing was reported stronger than expected, consumer confidence was reported as weaker than expected, but Consumer income and outlays were reported higher than expected.
MortgageLoan.com - Where the lenders compete for You!