Mortgage Interest Rate News 2-23-15

Over the last few weeks mortgage rates have moved higher and refinance applications have slowed (along with purchase applications).  There are various reasons for the volatility in the bond market including the better than expected employment report, events in Greece and oil price fluctuations.  Despite the recent volatility mortgage rates have remained relatively low compared to 2014 levels.  Mortgage volume will probably slow a bit during this period as the market starts to settle however spring is around the corner and usually that time period sees an uptick in mortgage loan volume.