For Mortgage Rates, Once Again, It Depends


Posted To: Mortgage Rate Watch

For the third day in a row, day-over-day mortgage rate movement depends heavily on the lender. That means some lenders will be in noticeably better shape vs their latest offerings from yesterday while others will now be quoting higher rates. At issue is the volatility in bond markets (which dictate mortgage rates). Moreover, the timing of the volatility over the past 3 days resulted in some lenders making late-day adjustments to rate sheets while others simply waited for the following morning. If that leads you to think of phrases like “it all comes out in the wash,” you have the right idea. Looking past recent volatility, most lenders are right in line with their rate sheets from late last week. They’ve simply walked slightly different paths to get there. As far as markets are concerned, the…(read more)

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