Mortgage Rates Slightly Higher Today After Dropping at Fairly Quick Pace Last Week.
In fact, if we're only examining one-day changes in rates, Thursday's drop was the quickest drop in months! That may sound slightly more impressive than it is, however.
In terms of hard numbers, we're talking about roughly $22/month on a $300k loan.
Tomorrow brings an important economic report on the services sector (one that has resulted in bond market movement more often than not in 2019).
If the numbers are stronger than expected, rates could move higher more quickly. The exact opposite is typically true if the report were to come in weaker than expected, but it could take a few extra days to pan out this week due to the Treasury auction calendar.