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...

af8c1fe6 08a4 49b8 810e 0abd25ce39db b4b4a729 fbe9 4b44 b671 a815e107b7c3 86609c29 5b08 445a 81c5 bf8feb44e3ee 9386d98a acb7 49d5 a02a 6fdd9d8b6c92 2a247431 3e48 43d2 9a61 3998d08a194b f106cd62 7c2a 4dd9 b9bd 3bc8f37bdbe5 557c933e 63ce 42f8 8010 1e2634908708 333ed6a2 92e0 4c7b b91c 69813b90fc8f efe83118 e864 4402 b6b3 ff96a7afdc0b 82abc30f fa48 4ecf becd e9722b816087 4a0c5b3c bd7d 472f 9e48 24ec5cb879d8 d936b961 74fd 4944 b7f1 d2f902ecd99f 9a0c303e dcfe 4767 863b e631f742543f 73b52d9d d850 43b0 a7b6 820cc3308114 c80247ff fdac 4a3d 8663 c99377193f1a 8accddd1 58db 4f35 8b0c 0928fbb59bf3 cc9b8fdd 696f 4064 b0af c3242d3258b2 355fe172 0d77 4f83 80e8 e5ab1715cce2 2634a8f7 b55b 4336 a055 f0abddf91dfa 352bd2d2 0d01 4cbc a34e 9eaf67597c17 fe92bcc9 920b 4047 9246 805e45f753b4 c9603d38 2082 4c9b b611 c2be1e6f7a52 ed533368 80c0 4f02 b9dd 270313c3bf66