From Matthew Graham at Mortgage News Daily: Mortgage Rates Little-Changed Near Recent Highs
Mortgage rates improved somewhat today, on average, but the gains were modest. Some lenders were unchanged from Friday afternoon’s latest levels. That leaves us essentially in line with the highest rates since early April, after having been at 8-month lows just 2 weeks ago. From 8-month lows to 3-month highs is an abrupt move taken at face value, but it’s made possible due to a narrow range persisting during that time (relative to other stretches of 8 months of time). [30YR FIXED – 4.125%]
Tuesday:
• At 6:00 AM ET: NFIB Small Business Optimism Index for June.
• At 10:00 AM, Job Openings and Labor Turnover Survey for May from the BLS. Jobs openings increased in April to 6.044 million from 5.785 million in March.