Daily Rate Update: Mortgage Rates Continue Leveling-Off, Improving Slightly

Mortgage Rates Continue Leveling-Off, Improving Slightly

Mortgage rates improved modestly , capping a week that’s seen rates either move sideways or slightly lower every day. Today’s stability and ultimately, improvements came as the result of uneventful overnight trading and a small surge in “asset allocation” trading out of stocks and into bond markets after stocks opened. General bond market strength benefits MBS, the securities that most directly affect mortgage rates. Weaker-than-expected Consumer Sentiment data continued to keep demand high for less…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/300328.aspx

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