Mortgages Rates for CA Bay Area loans rose slightly today after hitting their lowest levels since late February yesterday. While that leaves yesterday and 4/10 as two best days for mortgage rates over the past month and a half, today’s offerings are still better than those from the week ending 4/6.
The net effect leaves the Best-Execution Rate for 30yr Fixed Conventional Loans between 4.0% and 3.875% depending on the scenario. This has been the case for almost two weeks now.
As the current week progresses, we continue seeing reinforcement of last week’s analysis noting a relatively indecisive attitude in bond markets including the MBS (Mortgage-Backed-Securities) that most directly influence rates. Both MBS and Treasuries have recently carved out fairly narrow ranges and in fairly short order following the disappointing Jobs figures on 4/6.