Mortgage Rates Edging Back Toward Recent Highs

One important disclaimer right upfront: there's no real need to concern yourself with recent day-to-day movement in mortgage rates if your goal is to witness something significant.  As we discussed yesterday, things have been very sideways and have exhibited a distinct lack of volatility.

Today's movement happened to be toward slightly higher rates.  It's not a huge departure from yesterday's offerings.  But because the recent range is so narrow, and because the past two days have seen rates move higher, we're now closer to the highest rates of the month after seeing the lowest rates of the month on Tuesday.