Posted To: Mortgage Rate Watch
Mortgage rates had one of their least exciting days of the week today, moving just modestly lower from yesterday’s latest levels. The trading range in underlying markets was exceptionally narrow, especially when compared to the week’s previous activity. The final revision of 2014’s 4th quarter GDP was released this morning, but it was close to forecasts and didn’t produce much of a reaction. Fed Chair Yellen spoke in the afternoon, saying that a rate hike would indeed likely be warranted in 2015. By now, this is old news for financial markets. Few, if any, eyelashes were batted. 3.75% remains the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios. For the lenders that moved up to 3.875% yesterday, today’s modest gains didn’t bring them any lower. The only improvements…(read more)
Via:: Mortgage Rates Hold Ground As Markets Take a Breather
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