Mortgage rates¬†barely budged¬†today, with most lenders offering the exact same quotes as yesterday. ¬†While we have seen a few days with similar day-over-day results recently, most of those involved intraday 'reprices' (i.e. lenders changing rates in the middle of the day in response to market movement). ¬†Today was the first day since the election with almost no reprices and where nearly every lender made the same move (anywhere from "sideways" to microscopically lower in rate).
4.125% is the most prevalent conventional 30yr fixed rate on top tier scenarios with 4.25% not too far behind. ¬†4.0% is a distant third.
The lack of volatility could be due to Thursday's scheduled announcement from the European Central Bank (ECB).¬†...(read more)Forward this article via email:¬†¬†Send a copy of this story to someone you know that may want to read it.[img]http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=685968