Monday, August 20, 2018

Mortgage Rates Continue in Narrow Range

by Bill McBride on 8/20/2018 05:20:00 PM

Mortgage rates have mostly been moving sideways recently …

From Matthew Graham at Mortgage News Daily: Mortgage Rates Resisting a Move Lower

Mortgage rates were almost perfectly unchanged again today, meaning they haven't really changed in more than a week. All this despite a rather noticeable improvement in underlying bond markets (something that typically goes hand in hand with lower mortgage rates). Granted, the bonds that underlie mortgage rates didn't do quite as well as US Treasuries, but even then, mortgage rates barely budged. [30YR FIXED - 4.625-4.75%]
emphasis added
Mortgage RatesClick on graph for larger image.

Here is a graph from Mortgage News Daily.

Mortgage rates have been in a narrow range between 4.5% and 4.75% since early mid-February.