Posted To: Mortgage Rate Watch
Mortgage rate drama has been on an unapologetic, no-holds-barred, "couldn't-care-less" sort of vacation for the past 2-3 weeks . There have only been microscopic changes from day to day, and they've canceled each other out over that time frame to boot! In other words, there has been no net change in rates since the middle of November. The past 3 business days (Wed, Fri, and today), have been especially calm. Not every lender kept the same hours during that time, and not every lender held perfectly steady, but there certainly wasn't enough movement to affect the most prevalently-quoted conventional 30yr fixed quote of 4% on top tier scenarios. The recent calm runs the risk of building a false sense of security . There are several important events on the horizon that could get things moving again...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1NEsawb
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