Major stock indexes were mixed and barely moving soon after opening.( Bad for mortgage rates.) More than any other market, mortgage rates normally tend to follow these particular Treasury bond yields The yield on 10-year Treasury notes rose to 3.80% from 3.75%.The data, compared with roughly the same time yesterday, were: Here's a snapshot of the state of play this morning at about 9:50 a.m. Market data affecting today's mortgage rates So, my personal rate lock recommendations for the longer term remain: And that looks likely to continue into 2023. I find it hard to envisage mortgage rates falling far for extended periods for as long as the Federal Reserve continues to hike its interest rate (and consequently most others). So, they don't change daily to reflect fleeting sentiments in volatile markets. ![]() My recommendations (below) are intended to give longer-term suggestions about the overall direction of those rates. ![]() See our rate assumptions here.ĭon't lock on a day when mortgage rates look set to fall. Click here for a personalized rate quote. Rates are provided by our partner network, and may not reflect the market.
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