Mortgage Rates Hold Lows Ahead of Jobs Data

Mortgage rates held their ground at 8-month lows today. This time around, it was far less eventful than yesterday’s session, which saw lenders changes rates several times throughout the day (and in opposite directions to boot!). Some lenders are in just slightly better shape vs their own rate sheets from yesterday while others are a little higher. On average, the most prevalently-quoted conventional 30yr fixed quote is unchanged at 3.75% with 3.625% remaining a close runner-up. The absence of volatility and drama in the realm of mortgage rates is indicative of the general absence of drama in financial markets. Both oil and stocks (2 of the biggest sources of inspiration for bond markets and …
Mortgage Rates Newsletter – Market Analysis

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