Monday, November 4, 2013

warket update November 4th 2013


Mortgage rates were mostly flat today, though some lenders offered slightly improved rate sheets compared to Friday afternoon.  The improvements would have been small enough to only be seen in the form of "closing costs" and/or lender credit, while the actual quoted interest rate between today and Friday would likely be the same.

The bond markets that underlie and best inform mortgage rates had a calm, but agreeable day.  There was a previously delayed report on Factory Orders added to the mix (along with the regularly scheduled Factory Orders report), but bonds didn't move on the news.  That may change with tomorrow, as the scheduled data is more prone to causing movement.

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