Mortgage Rates Higher in Afternoon, Unchanged from Friday

Mortgage rates were slightly lower this morning, but moved higher in the afternoon, ultimately matching Friday’s latest offerings. Despite some economic reports in the morning, bond markets were quiet. Motivation for the improvement in rates could be partially due to lenders being hesitant to pass along Friday’s late-day bond market gains in the form of lower rates. In other words, lenders had some room to improve, but waited until this morning to do so.

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