Mortgage Rates Pause For Reflection After Tuesday's Frantic Move

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Posted To: Mortgage Rate Watch

Mortgage rates recovered somewhat today , after experiencing their worst day in exactly 4 years yesterday (get caught up HERE ). Rather than triumphantly charging back into lower territory, the general tenor today has been one of consolidation and catching of breath. It's the sort of pause that stands an equal chance to merely be a pause or to end up being the first indication of a turning point. The landscape of lender price offerings unwittingly confirms this as rate sheets are all over the board compared to yesterday's. Some lenders are right in line. Some are significantly weaker on some of their products, but not on others. Other lenders are quite a bit improved. All that having been said, the median lender is slightly better off than yesterday, bringing the average Conventional 30yr Fixed...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/310562.aspx

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