Mortgage Rates Varied by Lender Thanks to Volatility

Mortgage rates didn’t move much today. Depending on the lender, effective rates were either slightly higher or lower vs yesterday, with the average lender being just microscopically lower in rate. Keep in mind that the improvement would only be detectable in the form of lower closing costs, if at all. In most any case, the actual contract rate would be the same as yesterday. As such the losing streak (of higher rates) over the previous 3 days is now essentially over. This doesn’t mean rates can’t rise any more from here, just that they’d need to find a new reason to do so, instead of merely cooling off after a big spike lower. Days like today, where lenders move in opposite directions , are …
Mortgage Rates Newsletter – Market Analysis

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