Mortgage Rates Grind Out Another Small Victory

Mortgage rates are looking like they’ve exhausted the playbook in terms of making big moves down the field, yet they continue to pick up a few yards every play. Today was one of the less effective recent examples. More than a few lenders are priced right where they were at the end of the day yesterday, despite underlying markets suggesting a bit more improvement. That said, the AVERAGE lender is in slightly better shape today. We’re now seeing a more even split between 4.0 and 4.125 in terms of the most prevalent conventional 30yr fixed quotes for top scenarios. It continues to be the case that recent resilience has balanced the bigger picture outlook. Whereas our back were clearly against t…
Mortgage Rates Newsletter – Market Analysis

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