Posted To: Mortgage Rate Watch

Mortgage Rates did one of two things today, depending on the lender in question. Some lenders simply held in line with yesterday's latest levels (in other words, they were 'unchanged' on the day). Other lenders had some ground to make up because they maintained more conservative pricing. This second group kept rates a bit higher yesterday even as most of their peers were offering mid-day price improvements due to big gains in bond markets. In these cases, the lenders used this morning's calm bond market environment to bring their rates back in line with the rest of the pack. After all was said and done, today's rates look very much like last Thursday's. In the bigger picture, today's rates are well within the range that has dominated the past 45 days. During that time, the average conventional...(read more)

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