Mortgage Rates Steady Despite Market Volatility

Mortgage rates were unchanged again today , continuing a trend of minimal movement that has been intact for all but one day since Monday April 6th. Rates aren’t much different today than they were then, but being sideways at these levels is certainly not a bad thing when more than a few lenders are offering 30yr fixed rates of 3.625% on top-tier scenarios. It will be nearly two full weeks until we get any data that’s significant enough to justify a big move in rates. Between now and then, it’s hard to see where motivation will come from, as markets are telling us that weakness in the moderately important economic reports is not enough on its own. Today saw volatile underlying market conditio…
Mortgage Rates Newsletter – Market Analysis

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