Mortgage Rates Mixed, But Closer to Recent Lows

Posted To: Mortgage Rate Watch

Mortgage Rates were mixed today, with some lenders in slightly weaker territory while others offered modest improvements versus yesterday. The dichotomy has to do with the timing of yesterday's market movements. Bond market began the day in weak territory yesterday but improved noticeably by the end of the day. Some lenders sent out updated (better) rate sheets while others stood pat. Lenders whose rates increased today tended to come from the group that offered improvements yesterday afternoon. Long story short, there was a brief window of the week's best rates for some lenders yesterday with everyone getting mostly back on the same page today. Fortunately, that page is still a good one. While rates aren't quite as low as they were earlier this week, they're still much lower than they were...(read more)

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