Mortgage Rates Unchanged at 2-Week Lows

Mortgage Rates held steady today, continuing a much-needed break from the move higher that dominated the first 2 weeks of October. While we’ve only seen modest improvements (or in today’s case, a mere absence of deterioration), it’s been enough to get the average lender back below last week’s best levels. 3.625% remains the most prevalently-quoted convention 30yr fixed rate on top tier scenarios, though there are a few lenders at 3.5%. In terms of underlying market movement, the past 2 days have been much calmer than they might have been. Expectations for volatility centered on the European Central Bank (ECB), and the risk that it would say something about reducing its bond buying program at…
Mortgage Rates Newsletter – Market Analysis

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