Mortgage Rates Currently Trending:
Today's Mortgage Rates Forecast:
7 day Mortgage Rates Forecast:
NEUTRAL to SLIGHTLY WORSE
When lenders release rates today we can expect to see rates remain flat along with rebate pricing (the cost to obtain a rate or the credit the lender gives you towards your closing costs when selecting a rate), reflecting the MBS
(Mortgage Backed Securities) improvement of +3 basis points yesterday.
(Mortgage Backed Securities) market will likely continue with intraday volatility as we finish up this week of low volume. There are no real market moving economic data reports being released today, and the snowstorm in the Northeast will keep even more traders home. We shouldn't see any heavy movement that would cause rates to move, but the trading we do see will be exaggerated due to the low volume. Be sure to stay in close contact with your Mortgage Loan Professional to monitor today's market in real time.
Remember, if you want to know the benefits of locking your rate today versus floating, simply contact your Loan Professional who has access to real time Wall St. data and instant market alerts with breaking news.
Yesterday's Interest Rate Market Recap
Yesterday the MBS
(Mortgage Backed Securities) market improved +3 basis points, and most lenders will have flat rates and rebate pricing today (the cost to obtain a rate or the credit the lender gives you towards your closing costs when selecting a rate). There may be small changes to rebate pricing depending on when your lender sets pricing, and if that timeframe falls on a high point or a low point. Even so, it shouldn't be a large change.
About this Report
This information is shared with you by your Most Trusted Mortgage Loan Professional and is provided by RateAlert.com, the industry's Most Trusted source for mortgage interest rate market data, analysis, and alerts. For details about your specific home loan scenario, please contact your Mortgage Loan Professional.
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