Comment on Mortgage Rates Tuesday, Aug. 15: Higher on Rallying Retail Sales

Mortgage rates for 30-year and 15-year fixed home loans, as well as 5/1 ARMs, rose today, according to a NerdWallet survey of daily mortgage rates published by national lenders Tuesday morning. The bond market is responding to a better-than-expected retail sales report for the month of July. The results exceeded economists’ forecasts and were enough... Hal M.