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Mortgage Rates Rise Modestly; Extremely Flat Overall

Any discussion about mortgage rates rising or falling in the month of June requires the caveat about the trend being exceptionally flat in the bigger picture.  Most borrowers wouldn’t see more than an eighth of a percent between any two days so far this month.  In fact, our 30 day volatility index is as low as it’s been since June 2022. The volatility index measures the average change in our 30yr fixed rate index–positive or negative–from the previous day over 5, 10, or 30 day averages.  The chart above shows only 10 and 30 day averages, but the dynamic chart can be found here.  With all of the above by way of disclaimer, mortgage rates rose modestly today.  By the afternoon, many lenders were roughly unchanged due to mid-day reprices for the better.
Source: mortgagenewsdaily.comNew feed

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