Mortgage rates began the day higher , though many lenders repriced in the middle of the day with improved offerings after bond markets began improving (mover lower in rate) into the PM hours.  Even after those improvements, most lenders were still in slightly worse shape vs yesterday’s latest offerings,

There were no specific events or pieces of news to which to attribute the afternoon improvement, but considering that yesterday afternoon’s movement was much more abrupt, today’s merely looked like markets leveling-off ahead of tomorrow’s important FOMC events. Effectively nothing has changed since yesterday, keeping yesterday’s outlook relevant:


Enhanced by Zemanta