Mortgage Rates End Week Little-Changed

Posted To: Mortgage Rate Watch

Mortgage rate were unchanged to slightly lower today. Once again, the actual change you see will depend heavily on the lender in question. Most are fairly close to yesterday’s latest levels but a few are noticeably better or worse. In general, those who deviated from “unchanged” today, did so in a friendly direction. This was made possible by steady improvements in bond markets throughout the day, resulting in several lenders updating rate sheets in the middle of the day. All that having been said, no matter the direction of the movement, it’s all been very small this week. Few, if any lenders are actually offering different NOTE rates compared to any other day this week. When we talk about “rates” moving, it’s only in reference to EFFECTIVE rates (which take upfront costs into account). 4…(read more)

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