Mortgage Rates Little-Changed to Begin Quiet Week

Facebooktwitterlinkedin

Posted To: Mortgage Rate Watch

Mortgage rates were sideways to slightly higher today, depending on the lender. The underlying bond market (which dictates rates) was exceptionally quiet. On the heels of last week’s important events and without much on the calendar this week, markets may take a couple days to relax. To put that in context, rates have been holding somewhat steady just below long-term highs. Their next major decision will be between pushing into new long-term highs or attempting to move lower for more than just a week or two. “Relaxation,” in this context, means we’re not likely to see evidence of either this week. Loan Originator Perspective Bonds coasted through a flat session Monday as rates hovered near unchanged. There’s scant meaningful data this week to inform markets, I’ll be surprised to see much movement…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Facebooktwitterredditpinterestlinkedinmail
Show Buttons
Hide Buttons