Mortgage Rates Barely Higher, More Volatility Ahead

Mortgage rates started the day in fairly rough shape with most lenders offering noticeably higher rates vs yesterday. As stock markets slid into the afternoon, the bond markets that underlie mortgage rates improved. Most lenders put out better rate sheets at some point in the day. In most cases this brought them fairly close to yesterday’s latest levels though rates were just slightly higher on average. The most prevalently-quoted conforming 30yr fixed rate for flawless scenarios remains 4.25%.

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