The news on mortgage rates have been mixed recently, according to the source. This is a factor of the different deadlines and methodologies used by various rate data providers. If you read this, however, none of this is important, because the following is as appropriate as possible: the average mortgage lender is now at the lowest level since April 7.
The improvements compared to yesterday vary depending on the lender. Some of them made friendly adjustments yesterday afternoon in response to stronger exchanges on the bond market. Others waited to make these adjustments until this morning.
In the situation as a whole, the rates are still slightly raised compared to their recent passage by calmly holding the lowest levels since December. But they do not seem as panicked as in the week that followed the big pricing announcements earlier this month.
The coming week brings an active list of economic data and events with the power to concoct additional volatility. As always, we can only know the potential for volatility. The actual management and magnitude of the rates movement will depend on the outcome of economic relationships as well as any other large relevant shoots that emerges throughout the week.
