Mortgage Rates Unchanged to Slightly Higher
Much like yesterday, mortgage rates were unchanged to slightly higher, depending on the lender. And once again, the differences in pricing strategies depend on timing in conjunction with yesterday’s pricing decisions.
Lenders who reacted to yesterday afternoon’s bond market losses by raising rates were able to offer flat to slightly lower rates today. Every other lender was either flat to slightly higher.
As is often the case, we’re talking about incredibly small movements in the bigger picture (because mortgage rates don’t reliably move enough to be worth measuring in day-over-day terms). Prospective borrowers are likely to see the exact same rate quotes as yesterday. The only differences would be modestly higher or lower upfront costs.…(read more)
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