It’s getting fairly robust to weave an attention-grabbing narrative on mortgage charges over the previous 3 weeks. During that point, they only have not modified that a lot for the common lender. Today was simply one other day in that regard.
Bonds (which dictate daily motion in charges) had been barely weaker than yesterday. This implies barely greater mortgage charges and, certainly, right now was no exception. But the details are as follows:
bond market motion has been comparatively small on any given day
successful and shedding days have been in comparatively equal provide
Bottom line: right now’s losses go away the common charge simply contained in the slender prevailing vary.
