Mortgage rates¬†were¬†steady to slightly higher¬†again today, making it the 13th out of the past 16 business days without an improvement. ¬†The situation was more palatable earlier this morning and quite a few lenders were actually in better territory vs yesterday. ¬†As the day progressed, bond markets (which dictate mortgage rates) deteriorated, resulting in most lenders issuing negative reprices. ¬†
All of the above means that some lenders remained in¬†better shape than others, but they assumption is that they would "catch up" to the higher rates with tomorrow morning's rate sheets (assuming bond markets didn't change overnight). ¬†...(read more)Forward this article via email:¬†¬†Send a copy of this story to someone you know that may want to read it.