Mortgage Rates Barely Budge Today Under High Volatility Pressure

Mortgage rates barely budged today, but only when comparing the most recent batch of rate sheets to Friday's latest.  Between now and then, there's been an exceptionally high level of volatility.  On the one hand, volatility has been and continues to be expected.  On the other, simply expecting volatility doesn't do much to mitigate its ill effects.  Particularly, the mortgage-backed-securities that most directly influence rates are sensitive to volatility, as are the rate sheets put out by mortgage lenders.  4.0% remains as the best-execution rate for 30yr Fixed, Conventional loans.  Lower rates are still available and paying additional upfront costs to move lower in rate may make sense for some borrowers.