Mortgage Rates Continue Recovering From Friday’s Rout

Mortgage rates moved lower for second day today, with the combined improvements erasing roughly half of the losses seen on Friday. Several lenders managed to reprice to slightly lower rates late in the day. Those that didn’t would have extra room to improve rates tomorrow morning, all other things being equal. The gains bring a respectable handful of lenders back to 3.875% in terms of the most frequently quoted conventional 30yr fixed rate for top tier scenarios. 4.0% is still slightly more common, but with lower closing costs today vs yesterday. Once again, there were no major events or headlines for US bond markets. Instead, movement cues have come from European trading and even stock mark…
Mortgage Rates Newsletter – Market Analysis

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