Saturday , 23 January 2021

Mortgage Rates Can’t Catch a Break Recently

By Matthew Graham

Posted To: Mortgage Rate Watch

Mortgage rates , fresh off a rather ugly Friday last week, continued to struggle today. The morning hours were mostly OK. Some lenders were in slightly better shape and others were slightly worse. But additional weakness crept in during the late afternoon, forcing most lenders to reissue negatively revised rate sheets. The differences between Friday’s rates and today’s didn’t end up being excessive (in fact, some lenders didn’t reprice and are still slightly better than Friday), but it’s disheartening that the semblance of morning traction was ultimately replaced with additional losses. 3.75% remains the most prevalently-quoted conforming 30yr fixed rate for top tier borrowers. Up until Friday, that had easily been 3.625%. Loan Originator Perspective “The reaction from the bond market following…(read more)

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