After the abrupt rise in May and June, mortgage rates have enjoyed an extended period of low volatility and consistent improvement. In fact, by October 27th, the average lender was quoting their best rates in 6 months. Why then, did they wind up at 4-month highs less than 2 weeks later?
Source: Kevin Litwicki Universal Lending
Why Are Rates Suddenly at 4-Month Highs?