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...

8a78350e 2be2 4416 8b08 ecdc573637d2 4a08bce1 97df 4c5d 907b a9eca3964692 50cbcd9c 74fd 404f b4ea 55d241297385 6dfc0b73 9428 436a b275 957b85f94522 cfce1af7 9d89 4fdc 8b91 c7e4aac4532a 780aec76 b02b 4a89 b394 8bc528caa1da 596ed774 6e77 4594 9e6d 6a9a60ed2ff4 6d3c9a8c bd58 4171 a259 7e04aa82bde6 8b6af95e 011e 4fb8 8dae 0a12cf4f0f13 bc1a4708 cd13 4ae3 8be1 9db6659ed3f9 ddd24f52 93b5 4936 bfb2 606dd6edf078 f9705056 8958 4f2a bd78 734d744ccd08 131befa8 968b 4b87 8756 703d4922e739 98aa241c 4e11 4bee 9e45 16615db634f2 c343c846 d510 48c8 851e 36e1acda3970 9e13bed5 f3a8 4e9f 871a 997d77612dc5 ea558f78 bfa0 4854 9255 f1e17007586d 1fefce42 f72c 470c b2f1 2adc5ef23b1c fae8b897 694a 4e9d 804d af95c839eb10 a7691267 1eaa 48da 9024 e717e8c35756 690b78db 3546 41b6 b860 ae42770f2f8b 8096e2aa 787f 40b4 815d 89e3ede89dfd 807c1e16 b37a 4226 ba4f 70ade37a2dc7