Mortgage Rates Hold Eerily Steady
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by Trevor Sines

Mortgage rates barely budged today, with most lenders offering the exact same quotes as yesterday.  While we have seen a few days with similar day-over-day results recently, most of those involved intraday ‘reprices’ (i.e. lenders changing rates in the middle of the day in response to market movement).  Today was the first day since the election with almost no reprices and where nearly every lender made the same move (anywhere from “sideways” to microscopically lower in rate).

4.125% is the most prevalent conventional 30yr fixed rate on top tier scenarios with 4.25% not too far behind.  4.0% is a distant third.

The lack of volatility could be due to Thursday’s scheduled announcement from the European Central Bank (ECB). 

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