Mortgage Rates Exceptionally Flat

Mortgage Rates were unchanged today, ending a month without much movement in general. In fact, the most prevalently quoted conventional 30yr fixed rate on top tier scenarios remained in a range of 3.375-3.5% for more than 45 days! That’s the sort of absence of volatility that greatly decreases the need to stress out about locking or floating your rate, but as always, the question is whether or not that will continue to be the case. Near-term volatility in rates can come from the economic data over the next two days. Markets are anxious to see if it will support the Fed’s case for hiking rates in the upcoming meeting. In general, the stronger the economic data, the greater the probability tha…
Mortgage Rates Newsletter – Market Analysis

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