It was an uneventful day formortgage rateswith the average lender holding right in line with last Friday's levels. In this case, that's a good thing.
On the day before and/or after a 3-day weekend, rates tend to be more volatile than normal. That was certainly the case last Friday as the MND rate index dropped at its fastest pace since early January. By holding steady, rates remain right in line with the lowest levels in more than 3 years.
Source: Mortgage Rate Watch
