Mortgage lenders may have a hard time finding a match this Valentine’s Day, explains telisdemos WSJWhatsNow
Mortgage rates are still pretty decent for potential borrowers, but their rapid jump has still been enough to cause more problems for home-lending stocks.
The increase so far this year in average weekly U.S. 30-year fixed-rate mortgage rates measured by Freddie Mac , from about 3.1% at the end of December to over 3.5% in early February, has pushed them back to early 2020 levels. That is still very attractive, historically speaking, but not good enough for lenders.
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