Posted To: Mortgage Rate Watch
Mortgage rates were little-changed today, with the average lender only microscopically better than yesterday. That means few loan seekers will notice any difference from yesterday. That leaves us in line with the low rate levels seen immediately following the election earlier this month, and that’s as low as rates have been since early August, as long as we’re talking about purchase mortgage rates. Refis continue to suffer relative to purchases due to the adverse market fee imposed by Fannie Mae and Freddie Mac (rolled out by lenders at varies times over the past 2 months). Today was somewhat notable due to the fact that the bond market (normally the most important driving force for mortgage rates) told a different story. Bonds suggested rates should have moved lower more noticeably. It’s no…(read more)