Mortgage rates were fairly flat yet again today. Unlike Friday, today's market movement made a case for a bit of a drop. "Market gains" mean different things when talking about bonds/rates (as opposed to stocks). In today's case, bond markets improved while stocks lost ground.Tuesday:
...
we head into tomorrow at a slight advantage in terms of mortgage rates. In other words, if underlying bond markets were to hold completely flat overnight, the average lender would be able to offer slightly improved terms in the morning. Lenders who already repriced today (there were a few of them) would be the exception. [30YR FIXED - 4.75%]
emphasis added
• At 8:30 AM ET, Housing Starts for November. The consensus is for 1.222 million SAAR, down from 1.228 million SAAR.
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