Mortgage rates were marginally lower today compared to last week, but only when factoring in upfront finance charges. Actual quoted interest rates have been unchanged for more than a week with the average lender quoting conventional 30yr fixed rates of 4.0% on top tier scenarios. For the bond markets that underlie mortgage rates, it was a three-day weekend, and it showed. There were no relevant economic reports and very little by way of market-moving news or events. That will change later this week when we'll receive several important reports, including a key inflation reading on Friday. In general, rates have been in a holding pattern at the highest levels in more than 2 months. The next move is important, because it will either keep 2017's narrow pattern intact or suggest a shift back toward
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http://www.mortgagenewsdaily.com/reports/newsletter/2017/10/10/3029
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