It’s been a more of an eventful week in the bond markets, as the flow of key economic data has slowly become available. No major surprises in this week’s news but markets inched back up just a bit. We are still hanging on to 5.875% for our very best 30 year fixed conventional scenario.
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.
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