Mortgages Rates Finally Let the Love In

By Matthew Graham

Posted To: Mortgage Rate Watch

Mortgage rates were feeling left out of the cheesy, obligatory, early February references to certain love-themed holidays. Markets hadn’t shown rates any love for 8 straight business days–every day in February. That finally changed today, albeit only slightly. European headlines left bond markets (which guide mortgage rates indirectly) in limbo overnight and weak economic data this morning helped trading levels to improve. That, in turn, allowed most lenders to improve rate sheets by a small amount compared to yesterday’s latest offerings. 3.75% and 3.875% remain the two most prevalently quoted conventional 30yr fixed rates for top tier scenarios. So the love is finally back, but will it stay? The jury is still out on that topic as the markets will be waiting for news out of Europe at the…(read more)

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