Mortgage Rates Almost Perfectly Flat

Mortgage Rates were almost perfectly flat today. Various lenders were in slightly better or worse shape, but on average, today's quotes will look very similar to Tuesday's. That means 4.625% remains the most prevalently quoted rate for ideal, conforming 30yr Fixed loans, with the minimal changes coming in the form of closing costs.

The financial markets that underlie mortgage rate movement managed a slightly more active day with the arrival of the new year, but things won't be close to normal until next week. That means rates are currently being decided with fewer than the normal amount of votes. When the majority returns next week, it could result in more pronounced movement.