Mortgage Rates Roughly Unchanged Over The Weekend

Mortgage Rates Roughly Unchanged Over The Weekend

Mortgage rates held fairly steady over the weekend.  That wasn't necessarily destined to be the case as the underlying bond market suggested another mover higher earlier this morning.  But bonds rallied after an important economic report on the services sector suggested slower growth (bonds tend to improve in response to weaker cues on the economy and inflation). This allowed mortgage lenders to set rates close to where they'd been on Friday afternoon.  Some were slightly higher while others were slightly lower, leaving the average just a hair better than unchanged. So is that good or bad?  It depends on your perspective.  It could certainly be worse considering today's rates are almost a quarter point below the most recent high seen just before the holiday weekend.  It could also