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Mortgage Rates Holding Steady

Mortgage rates today are basically unchanged as we head into the afternoon. As mentioned yesterday, it has been a rather quiet week as the rates overall stayed in a tight range.The news this morning came in a little light than what was anticipated as there was no inflation reported.Consumers feel confident about the economy and expect a rate increase from the Fed.
Where Are Mortgage Rates Going? >>> Rates continue to slide sideways as we head into the weekend
We have seen at various times since this movement began in January, rates have bounced around going up with some news, but come back as the news was not as robust to cause a change. We were seeing it a little on Wednesday, but not enough to get alarmed.With no major economic reports getting released and relatively little happening on the political front, financial market participants were for the most part stuck in a holding pattern.
The yield on the 10-year Treasury note, which is the best market indicator of where mortgage…

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