Mortgage Rates Unchanged to Slightly Lower

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Posted To: Mortgage Rate Watch

Mortgage rates were just slightly lower on average today with some lenders flat and others distinctly lower. The discrepancy is due to the timing of yesterday’s market movements and the corresponding lender reactions. Some lenders saw enough weakness to reprice for the worse before the end of the day. Others just let it ride. Those who repriced were able to drop rates back in line with yesterday morning’s rates today. Those who didn’t reprice just remained in the same territory, making this the 4th straight day with very little change despite a more pronounced move lower in 10yr Treasury yields. Financial markets continue hanging on every headline pertaining to the trade war. In general, news that makes a deal seem less likely is good for rates while news that increases the odds of a deal pushes…(read more)

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