Posted To: Mortgage Rate Watch
Mortgage rates fell again today extending a 3 day winning streak after shooting abruptly higher in the middle of last week. That damage hasn’t been completely undone yet, and we shouldn’t expect it to be, given that underlying trading levels in bond markets have yet to make it back to the stronger levels seen last Tuesday. In addition, it’s the nature of the mortgage market for rates to move up more abruptly than they move down. 3.75% remains the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios. Most of the lenders that moved up to 3.875% with last week’s spike are now back down to 3.75% and a few of the most aggressive lenders are offering 3.625%, but the vast majority are at 3.75%. Markets have been largely preoccupied with the month/quarter end trading process…(read more)
Via:: Mortgage Rates Inch Lower to End March; Volatility Ahead
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