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Rates Little-Moved by Central Bank Speakers; CFPB Makes HELOC Threshold Permanent

Rates Little-Moved by Central Bank Speakers; CFPB Makes HELOC Threshold Permanent

Mortgage rates were unchanged today, on average. Some lenders were slightly better, others were slightly worse, but none were very far from yesterday's latest levels. In fact, most prospective borrowers would see the exact same quote they saw yesterday. As was the case yesterday, an absence of movement isn't bad news, considering rates are in line with their lowest levels since November 2016. Today's key events were speeches from the leaders of the world's 2 biggest central banks: Janet Yellen (Fed) and Mario Draghi of the European Central Bank (ECB). Markets didn't have especially high hopes that these speeches would be earth-shattering and that instinct ended up being right on the money. Neither speaker shared any major revelation. In fact, both avoided commenting on monetary policy almost
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