Mortgages Rates Just Barely Higher. Bigger Moves Are Likely Ahead
Mortgage rates barely budged today. The average lender was just a hair higher compared to Friday's top tier conventional 30yr fixed rate offerings. In other words, if you were thinking of locking in a rate last week, things would look about the same today. This wasn't necessarily the case earlier this morning, but modest improvement in the bond market allowed lenders to publish revised rates in the afternoon.
As always, keep in mind that when we talk about "movement" here on the daily rate coverage, it's typically smaller than almost anyone would care about. That's because we're tracking rates at a granular level every day whereas more meaningful moves don't reliably happen that quickly. The rest of this week could be an exception, however, as there are multiple events with the p
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