Monday, October 23, 2017

"Mortgage Rates Holding Recent Highs to Begin Week"

by Bill McBride on 10/23/2017 06:46:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Holding Recent Highs to Begin Week

Mortgage rates were generally unchanged today despite slight improvements in underlying bond markets.  As of last Friday, the average lender was quoting rates at or near the highest levels in more than 2 months, meaning today earns the same dubious distinction.  The saving grace is that in relative terms, the past 2-3 months have been historically less volatile than normal, and conventional 30yr fixed rates at 4% (or just under) are still widely available for top tier scenarios.
emphasis added
Tuesday:
• At 10:00 AM ET, 10:00 AM: Richmond Fed Survey of Manufacturing Activity for October.