Saturday , 23 January 2021

Mortgage Rates Slightly Higher Amid Lack of Motivation

By Matthew Graham

Posted To: Mortgage Rate Watch

Mortgage rates were unchanged in most cases today, though some lenders were microscopically higher or lower compared to last Friday. Any attempts at more meaningful market movement were seen in the overnight trading hours in Asia and Europe. Rates stood a good chance to improve after election results in Greece, based on the market’s reaction overnight. By morning, however, bond markets (which inform mortgage rates) were right back were they spent most of Friday, thus leaving us with the relatively unchanged mortgage rate sheets. Most lenders are still quoting 3.625% for top tier conforming 30yr fixed scenarios. Apart from the overnight drama in Europe, there wasn’t much going on domestically today. In general, markets are still sorting out their reaction to last week’s even bigger news regarding…(read more)

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