Mortgage Rates Unchanged to Slightly Lower

Mortgage rates were just slightly lower on average today with some lenders flat and others distinctly lower.  The discrepancy is due to the timing of yesterday’s market movements and the corresponding lender reactions.  Some lenders saw enough weakness to reprice for the worse before the end of the day.  Others just let it ride.  Those who repriced were able to drop rates back in line with yesterday morning’s rates today.  Those who didn’t reprice just remained in the same territory, making this the 4th straight day with very little change despite a more pronounced move lower in 10yr Treasury yields….(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