
It might not be as glamorous as being able to state mortgage rates are “in the fives,” but at 6.00%, today’s MND rate index is a mere 0.01% greater than yesterday’s multi-year low. For all practical functions, this implies the average borrower will see almost exactly the very same rates as the other day. In most cases, the quotes will be exactly the exact same.
There were no huge ticket market movers on the econ calendar and no major headlines that triggered any appreciable volatility in the bond market (bonds dictate mortgage rates). In general, the whole week is really peaceful in terms of those possible market movers. Rates would require to see a shift in essential economic reports before devoting to their next major relocation.