Mortgage Rates Drop as Bond Gains Accelerate

Mortgage rates improved today, depending on the lender and the time of day!  Underlying bond markets were only modestly stronger in the morning.  As such, the average lender only offered modest improvements over yesterday’s rates at first.  But as the day progressed, market volatility favored bonds.  Once bonds improved enough, many lenders ended up offering positive reprices.  Even then, most lenders don’t tend to drop rates enough to fully reflect friendly market movements such as today’s.  That means tomorrow’s rates could be even better if the underlying bond market can merely manage to hold steady by tomorrow morning….(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
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