Mortgage Rates Hold Same Level For 3rd Straight Day
Link for Where the average Interest Rates are Today
Rates are usually tied to bonds, and bonds are influenced by economic data, so it makes sense that we’re not seeing much movement in rates this week with very little data on the calendar. That said, mortgage rates tend to wiggle a bit even when nothing major is going on. So why is this week different?
Basically, sometimes there are just stretches where the bond market doesn’t do much, which means rates don’t move much either. Could be a coincidence, could be that there’s no real motivation to make a move, or maybe the market’s just waiting to see how new policies play out. It could also be a combo of all of those things.
Either way, the average top-tier 30-year fixed rate hasn’t changed at all so far this week.
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