Mortgage Rates Regain Some Ground

Mortgage rates moved lower today, regaining a good amount of the ground lost over the past few days. The average lender rate sheet is back in line with those seen last Wednesday. While that leaves 3.75% as the most prevalent conventional 30yr fixed rate quote, it brings several of the more aggressive lenders back down 3.625% on top tier scenarios. Bond markets (which underlie mortgage rate movement) were active today, with strong gains in the morning resulting in several lenders offering mid-day improvements. Gains faded in the afternoon , prompting a few lenders to adjust rates slightly higher. There were no significant economic events to motivate today’s rate movement. Rather, investors ar…
Mortgage Rates Newsletter – Market Analysis

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