Mortgage Market Summary as of March 19, 2018

Mortgage Market Summary as of March 19, 2018

Mortgage rates ended last week slightly lower compared to the previous Friday's levels.  That's no small victory in 2018, despite the fact that it is a small victory in general.

The looming Fed announcement will be this coming Wednesday 11:00 AM PST.  Oftentimes, bond markets (which underlie rates) don't want to move too far outside recent ranges when there's a risk the Fed may say or do something to redefine that range.  

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