Mortgage rates¬†were mixed¬†today, depending on the lender, as well as the time of day. ¬†Earlier this morning, most lenders were quoting slightly higher rates compared to last Friday. ¬†As the day progressed, bond markets worked through some of the events that had been causing anxiety and trading levels improved. ¬†That paved the way for several lenders to offer mid-day improvements on rate sheets. ¬†This brought the average lender back to 'unchanged' by mid-day, and just barely lower by the end of the day. ¬†4.25% remains the most prevalently-quoted conventional 30yr fixed rate on top tier scenarios, but 4.125% is nearly as common.
Bond market anxiety remains over the next 2 days, which could serve to limit the potential for a big bounce back.¬†...(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=687794