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Mortgage rates began the day very close to yesterday's latest levels. The average lender was just a hair higher. As the day progressed, US bonds followed European bonds toward lower yields (yields = rates). This allowed the average lender to make a mid-day improvement bringing rates down to levels just a bit lower than yesterday's.
In the big picture, none of the above is important or meaningful. None of the movement over the past few weeks has a bearing on how rates may move in the coming year. Investors are waiting to see how the next round of inflation data comes in as well as the Federal Reserve's policy response.
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By digitally signing this form you are providing with your express written consent to send you business and marketing communications via text messages (SMS), email, and by calls or prerecorded messages dialed by a natural person or by an automatic or automated telephone dialing system. This express written consent applies to each such email address or telephone number that you provide to us now or in the future and permits such communications regardless of their purpose, unless you opt out of SMS marketing communication when submitting this form. Consent not required to register. Message frequency varies, message and data rates may apply. Text STOP to cancel, call for help.
