Mortgage Rates Unchanged Despite Market Movement

Home / Blog / Mortgage Rates Unchanged Despite Market Movement

Posted To: Mortgage Rate Watch

Mortgage rates managed to remain unchanged today despite the fact that underlying bond markets were stronger. Stronger bond markets are typically associated with lower rates, but in today's case, markets had some catching up to do. At issue is the timing of yesterday's weakness. Bond markets had lost ground throughout the day (something that can sometimes result in lenders changing rates in the middle of the day). A few lenders indeed pulled the trigger on such "mid-day price changes," but the average lender did not. Simply put, that left the average lender with a little bit of weakness to price into today's rates. The moderate amount of improvement in underlying bond markets was just enough to offset that implied weakness, thus leaving the average lender unchanged. The stakes remain high as...(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...

55dce2f5 4f8d 4918 ac72 388d0da98b1f 948d5e63 2596 4eae acf3 48b20edaa818 6d3e6706 d91b 4524 b00a 7c6b5d71982f 207119f6 d1de 40b1 a206 245fed8fa19b 89ba82c7 429a 4124 8539 3a9639073a3d 8bfa2ab6 4f22 4dd4 85da 4c6b1dc9b045 9b513194 671f 4439 b646 d2b08243a453 b598b596 d846 4a1d adcb 1ae298beb15f 52953820 9b15 4787 b544 23ab7e4293d3 f19515db 0197 494a 8400 a1c4ced126cc 460049fa f8a4 41ff b921 d03e9855db71 15f22801 87f5 404c ac1e 72a2924e801f 32c8afba 89ff 4ac0 be9d 4f4a32facfc5 4976ec7a a503 43a6 872d 83909a42711b e0432ab8 5ff8 446d ada9 48aaed17f956 d78a9220 e77c 466a bcf5 7b53821cbc10 b58918cb 165f 4efa b4b4 da990902c340 1da20c07 58c9 4ab4 9e04 740a2da90dc4 50efbc0e dc61 4822 ba13 790cf8f800e9 26e0d5bc a599 4933 9764 c2d191f89861 157db93e c8d6 438d 9800 692d29757670 583036dc d564 4b49 8179 22703aa6e429 cc761474 a453 4d3b 93bb 5a163f3471d3