Mortgage Rates Improve Slightly Today, But Risks Remain

Home / Blog / Mortgage Rates Improve Slightly Today, But Risks Remain

Posted To: Mortgage Rate Watch

Mortgage rates recovered a small portion of their recent losses today, but the average loan applicant might not even notice. The 2 key ingredients of a mortgage rate (for the purposes of tracking their movement) are the rate itself (the "note rate") and the upfront costs tied to that rate. The note rate and associated costs make up what many refer to as an "effective rate" (a number, expressed in interest rate form, that adjusts the actual note rate based on the implications of upfront cost changes. It takes big market movement to change note rates, largely because lenders tend to offer rates in 0.125% increments. As such, bond yields such as 10yr Treasuries need to be moving by about that much in order to see a similar change in mortgage rates. That was the case last week as 10yr yields moved...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Source: http://www.mortgagen...

b214c3d4 f944 4433 9259 4b449123b47a 4c2d4d35 5694 4642 9a02 34b1813d320f 70661281 d56a 41ea b1be ca6b5cac26f0 47a8aa15 4afc 4c97 a682 59c10edc46fb 80fe185d 1bfa 40b9 9d93 bf24c1887d69 efbc5323 25f7 404b 8acf 72aac92b58bc 1771e563 0ac4 4999 a534 255905b2757d f750cae9 0a57 43bb 9659 ffc8dea0b573 835fdedd d800 46de ade2 e8d3742d6003 9dd4dcae b73e 4775 8fe9 3d2752d9891c f64c36c6 9904 47bd 8d11 ea7576eec1f8 7967a37a 5881 45c6 9372 7ceea7040a40 7b1dca0f d42b 4c1d 9b19 6677253bf905 44db4344 9bb1 44a3 b53a b055aba982e5 8e812f6b 75b0 4616 a3f2 69d5daeba275 a91854f7 3e53 4b25 be4c b69c92daff3c 1f6d7154 4387 4bb9 9d03 c9b17107c279 a812f9cf 0057 4bff 8d86 fdde64d454d4 baab7828 fa1b 4eec 8224 bcf7df9b7d15 8b2e436a cdab 46c8 a37c b2502aea5c0c 30b1417f 408e 422e 9127 8d3953c971d7 b22ab622 c338 4136 a08a 961221cdd65a c9ad70ea bc6d 4bd4 ad83 a25dc176f766