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Mortgage Rates Flat as Anticipation Builds For Next Move

July 19, 2016 By Pacific Funding Group

Posted To: Mortgage Rate Watch

Mortgage rates were sideways in some cases today, and very slightly lower in others, making for one of their better performances over the past few weeks. During that time, they’ve generally been moving higher following early July lows (which were very close to all-time lows). In more specific terms, lenders are quoting 3.375% to 3.5% on top tier conventional 30yr fixed scenarios, a range that’s roughly an eighth of a point higher versus early July. In terms of bond market trends (which drive rate trends), the past two weeks would be considered a ‘correction’–an inevitable but necessary move that restores some balance between buyers and sellers (of bonds) before the next imbalance arises. Days like today lead us to consider the possibility that the correction is ending. After all, we were moving…(read more )

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Filed Under: PFG Blog

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Equal Housing Opportunity Lender. Not a commitment to lend. Rates and programs are subject to change. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. AGV Grouppe, Inc. dba CU Lending; Pacific Funding Group | 1261 LOCUST ST #2424 WALNUT CREEK, CA 94598 | DRE License ID: 01796227 | NMLS ID:2258009

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