Mortgage Rates To Hold All-Time Lows Ahead

Mortgage Rates were roughly unchanged today, essentially fighting broader bond market weakness in order to remain in all-time low territory.  With an early close for markets today and the Independence Day holiday, it wouldn't have been abnormal for lenders to be a bit more conservative in terms of pricing.  Indeed some lenders were weaker today, but only slightly.  On average, things remained right where they were yesterday with 30yr Fixed Best-Execution firmly into 3.625% territory and some lenders in 3.5% territory.

Barclays (BCS) Chairman Marcus Agius resigned in the latest attempt to limit the damage!

Barclays (BCS) Chairman Marcus Agius resigned today in the latest attempt to limit the damage rocking the bank since it agreed to a record $455 million settlement last week. As part of the settlement with British and U.S. regulators, Barclays admitted to manipulating a key interest rate that underpins $350 trillion worth of car loans, mortgages, and other debt.

Mortgage Rates To NEW All-Time Lows

Mortgage Rates moved slightly lower today but it was enough to officially hit new all-time lows.  Some perspective is in order though.  Certain lenders' rates are unchanged on the day, and some are even slightly higher, but the average moved lower.