Mortgage Rates Unchanged vs Last Week

Mortgage rates were generally unchanged today, compared to Friday afternoon’s latest levels. Only a handful of lenders responded to strength in bond markets this afternoon by offering rate sheet improvements. That’s a mixed blessing as it leaves other lenders with more to work with tomorrow. In other words, we’ll be heading into the day with a small comparative advantage. That means if bond markets (which dictate rates) haven’t moved much by tomorrow morning, most lenders should be able to offer improved rates. A caveat for all of the above is that we’re talking about extremely small movement in the bigger picture. The overall range has been exceptionally narrow, and most clients aren’t like…
Mortgage Rates Newsletter – Market Analysis

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