Mortgage Rates Slightly Higher

Posted To: Mortgage Rate Watch

Mortgage rates moved higher today, but not by very much, considering the amount of movement seen in other corners of financial markets. For instance, 10yr Treasury yields--one of the better indicators of mortgage rate movement over time--were 0.07% higher today. Mortgages weren't even 0.02% higher, and some lenders weren't higher at all. The most noticeable rise in rates was seen in the lowest range of conventional 30yr fixed quotes of 3.25-3.375%. Both rates remain available today on flawless scenarios, but 3.375% is slightly more prevalent than it had been on Friday. Lock vs Float Perspective It was reassuring in the bigger picture to see rates steady-to-slightly-improved even after Friday's strong jobs numbers. Holding that ground meant there was less risk of an abrupt move higher in rates...(read more)

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