Mortgage Rates Sideways to Slightly Higher

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Posted To: Mortgage Rate Watch

Mortgage rates were essentially unchanged for many lenders today and just barely higher for others. There were no major sources of inspiration as underlying financial markets are still getting back in the swing of things after the holiday season. One of the lingering effects was a wider range of quotes between lenders. Some tend to price rate sheets more conservatively (i.e." higher") over the holidays while it's business as usual for others. That means we had more than a few lenders quoting conventional 30yr fixed rates of 4.0% while a few of the less aggressive lenders were still up at 4.25%. That range is about twice as big as normal, but it's narrowed over the past two days with the higher end moving down to 4.125%. The next three days bring the weeks most significant economic data. The...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/551372.aspx

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