Bond markets (which underlie mortgage rate movement) were active today, with strong gains in the morning resulting in several lenders offering mid-day improvements. Gains faded in the afternoon, prompting a few lenders to adjust rates slightly higher. There were no significant economic events to motivate today's rate movement. Rather, investors are shuffling their trading positions ahead Thursday's important policy announcement from the European Central Bank.
Tuesday, March 8, 2016
market wray March 8th 2016
Interest rates moved lower today, regaining a
good amount of the ground lost over the past few days. The average lender
rate sheet is back in line with those seen last Wednesday. While that
leaves 3.75% as the most prevalent conventional 30yr fixed rate quote, it
brings several of the more aggressive lenders back down 3.625% on top tier
scenarios.
Bond markets (which underlie mortgage rate movement) were active today, with strong gains in the morning resulting in several lenders offering mid-day improvements. Gains faded in the afternoon, prompting a few lenders to adjust rates slightly higher. There were no significant economic events to motivate today's rate movement. Rather, investors are shuffling their trading positions ahead Thursday's important policy announcement from the European Central Bank.
Bond markets (which underlie mortgage rate movement) were active today, with strong gains in the morning resulting in several lenders offering mid-day improvements. Gains faded in the afternoon, prompting a few lenders to adjust rates slightly higher. There were no significant economic events to motivate today's rate movement. Rather, investors are shuffling their trading positions ahead Thursday's important policy announcement from the European Central Bank.
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