Mortgage Rates Unchanged To Slightly Higher

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Posted To: Mortgage Rate Watch

Mortgage rates were steady to very slightly higher in most cases on Monday, though some lenders were in slightly better territory than on Friday. Market movements were fairly subdued with the all of today's trading in Treasuries and Mortgage Markets contained inside the range established by Friday's highs and lows. Conventional 30yr Fixed Best- Execution remained at 3.375%. ( Read More:What is A Best-Execution Mortgage Rate? ) The slow start to the week was relatively expected owing to a light calendar of data and events. That said, stock markets had more to digest with numerous earning's reports causing more volatility there. At times when bond markets (which include the Secondary Mortgage Market) have relatively little to digest, it's not uncommon to see interest rates follow stock prices...(read more)

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