Posted To: Mortgage Rate WatchMortgage rates didn’t move at all, again today. There really hasn’t been any meaningful movement for more than 3 weeks. The same thing happened from late June through mid July. And if we broaden our definition of “sideways” just a bit, we can legitimately fit most of 2018 into the same conversation. Just about the only thing that’s interesting about recent rate movement is that it continues to keep us generally closer to the highest levels in 7 years. Part of the current problem is simply the time of year. It’s not uncommon to see underlying bond markets consolidate at some point in the summertime months before breaking higher or lower in September. The difference this time around is that part about 2018 being broadly sideways for the entire year. That would seem to suggest indecision among…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Michael Ayoub, Author NMLS ID 6631