Mortgage rates haven’t moved much so far this week and they were surprisingly steady at the end of last week despite volatility in the underlying bond market.  What does the bond market have to do with rates?  Typically everything!  But times are a bit different right now for a few reasons.

The most pressing consideration for mortgage rates in recent weeks has been the introduction, delay, and impending reintroduction of a new fee that will apply to all conventional refinances.  That fee effectively raises rates by 0.125-0.25%.  The damage was even bigger at first due to the way it was implemented.  As such, when the fee was delayed 2 weeks ago, it allowed lenders to improve mortgage rates regardless of bond market volatility. 

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