Posted To: Mortgage Rate Watch
Mortgage rates barely budged today, with most lenders offering the exact same quotes as yesterday. While we have seen a few days with similar day-over-day results recently, most of those involved intraday 'reprices' (i.e. lenders changing rates in the middle of the day in response to market movement). Today was the first day since the election with almost no reprices and where nearly every lender made the same move (anywhere from "sideways" to microscopically lower in rate). 4.125% is the most prevalent conventional 30yr fixed rate on top tier scenarios with 4.25% not too far behind. 4.0% is a distant third. The lack of volatility could be due to Thursday's scheduled announcement from the European Central Bank (ECB). In short, this is the world's first likely opportunity to hear the ECB confirm...(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/2heGyg0
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