We have had three positive trading days for mortgage rates as we are back near a 3-year low with our very best 30-year fixed conventional scenario at 5.875% and inching closer and closer to 5.75%.
It was another somewhat choppy week for the markets, and mortgage rates held in a tight range while drifting just a touch lower. We will end the week with our very best 30-year fixed conventional scenario at 5.875%, down a bit from last Friday’s 5.99%.
Only 4 days of trading this week, and very little economic news, but we lost a little ground as we moved up to 5.99% for our very best 30-year fixed conventional scenario.
Two flat days, two good days and one bad day this week. More movement than we have seen in week’s past but ultimately, we will end the week right back where we started, still at 5.875% for our very best 30 year fixed conventional scenario.
Another FED meeting in the books, but once again, mortgage rates fail to drop after the FED lowers the federal funds rate. We will end the week still at 5.875% for our best 30-year fixed conventional scenario.
Information and economic data are very limited during the shutdown, and even though we did get a CPI report this morning, there was very little movement in the mortgage markets this week. We will end the week virtually unchanged from last Friday, still at 5.875% for our best 30 year fixed conventional scenario.
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