Mortgage Rates Slightly Higher

Mortgage Rates were steady to slightly lower yesterday even though prevailing trends in the bond market suggested caution.  Today’s trading is a different story.  Granted, there haven’t been any huge, dramatic moves, but today’s bond market weakness adds a bit of evidence for a more cautious approach.
In general, rates are biding their time in a low, narrow range (just slightly higher than the all-time low range seen at the end of 2020) before making their next big move.  That “next move” is to-be-determined.  It will take guidance from things like economic data, fiscal stimulus, major covid-related news, and even the stock market. …(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Source: mortgagenewsdaily.comNew feed