Mortgage Rates Flat Ahead of Potential Volatility

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Posted To: Mortgage Rate Watch

Mortgage Rates were steady to slightly lower today, which keeps them fairly close to 4-month highs. 3.625% continues to be the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios, but some of the more aggressive lenders are still at 3.5%. After rising sharply in the first half of the month, rates have leveled-off this week. This could be happening for several reasons . On the most basic level, rates (or any financial instrument for that matter) tend to take periodic breaks during broader directional trends. In other words, if rates are rising consistently, in general, we might expect to see a few days where rates are sideways to slightly lower every now and then. It’s part of the natural ebb and flow of market movement. Rates could also be pausing in anticipation of…(read more)

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