Trends: Mortgage Rates Tend To Rise Between May And August

The following article is from The Mortgage Reports Blog

The monthly chart above shows average conforming, 30-year fixed mortgage rates since 2006. Notice the pattern.
Beginning near the start of May of each year, mortgage rates embark upon a multi-month climb before peaking in late-July or early-August. Then, into the New Year, mortgage rates recede.
We’re currently on the front-edge of the Summer Rate Spike pattern.
On April [...]

Original source: Trends: Mortgage Rates Tend To Rise Between May And August

Related Posts from Other Blogs: