Daily Rate Update: Mortgage Rates Still Stratified but Sideways on Average

Mortgage Rates Still Stratified But Sideways On Average

Mortgage rates were flat on average today, but continued to be stratified depending on the lender. In other words, some rate sheets were moderately better than yesterday’s latest while others were slightly worse. That said, most were fairly close to yesterday and several lenders improved pricing in the afternoon after a stronger-than-expected Treasury auction gave a lift to MBS (the mortgage-backed-securities that most directly affect mortgage rates). Conventional 30-yr Fixed best-execution remains…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/299945.aspx

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