Posted To: Mortgage Rate Watch
Mortgage rates were steady to slightly higher today, depending where you looked and at what time of day. The morning hours brought additional pain for rate-watchers as lenders were universally in weaker territory versus yesterday. Unlike yesterday, the weakness noticeably found its limit early in the day and underlying bond markets didn’t lose any additional ground. A sharp drop in oil prices and foreboding headlines out of Europe helped fuel a flight to the relative safety of bond markets in the afternoon, thus giving lenders room to lower rates. The lenders that reissued rate sheets in the afternoon were very close to yesterday’s latest levels. Even so, most of them did not pass along the full scope of the move in underlying markets. Bottom line: mortgage-backed-securities are now priced…(read more)
Via:: Mortgage Rates Edge Higher, but get Head Start for Tomorrow
