Posted To: Mortgage Rate Watch
Mortgage rates held almost perfectly flat for the 2nd day in a row, despite market volatility caused by overseas events. The European Central Bank (ECB) announced details of it’s quantitative easing program today, and ECB President Draghi held a much-anticipated press conference discussing the bond-buying program. Although seemingly very far removed from mortgage rates in the US, these sorts of European events have had a profound effect on domestic markets for several years now. Today’s was one of this week’s big ticket events. Although it did cause some volatility in the bond markets that underlie mortgage rates, the day ended with rates remaining very close to yesterday’s latest offerings. 3.875% remains the most prevalent conventional 30yr rate quote for top tier borrowers, though several…(read more)
Via:: Mortgage Rates Flat for 2nd Day; Jobs Report Looms Large
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