Posted To: Mortgage Rate Watch
Mortgage rates didn’t move much over the weekend in terms of lenders’ rate sheets. Most are offering the same conventional 30yr fixed rate of 3.75% to top tier borrowers. Some of the more aggressive lenders are at 3.625%. In both cases, upfront costs were just microscopically higher today, on average. In terms of the mortgage-backed securities (MBS) that drive lenders’ rate sheets, things improved steadily throughout that day. It wasn’t quite enough for most lenders to go to the trouble of reissuing rate sheets, but if these levels were to remain intact, tomorrow’s rate sheets would be slightly better. Unfortunately, tomorrow’s rate sheets won’t come out before the key economic data–Retail Sales at 8:30am. If the data happens to come in stronger than expected, it could put upward pressure…(read more)
Via:: Mortgage Rates Mostly Unchanged Over the Weekend
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