Mortgage Rates Flatten Back Out

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Posted To: Mortgage Rate Watch

Mortgage rates haven’t been too interested in making big moves recently. Today was no exception. In fact, most lenders’ rate quotes would be indiscernible from yesterday’s. The absence of movement could be good or bad , depending on your perspective. On a positive note, the absence of movement means rates are right in line with the lowest levels seen since the Italian political issues in late May. The other side of the coin is that nearly any day in the past 4 months has seen higher rates than nearly any day in the past 4 years. Trade-offs! As for economic data and scheduled events (things that have historically had an impact on rates), today brought the final reading of Q1 GDP. That might sound like a fairly important report. After all, GDP is one of the only economic reports with enough name…(read more)

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