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Mortgage rates end week roughly unchanged as bonds track oil

Mortgage lender rates were nearly flat at the start of the day, but some lenders may raise pricing later on weakness in bonds.

Reported · Written up by our desk · Mortgages

Mortgage News Daily reports that mortgage rates finished the week roughly unchanged, with lenders starting the day nearly in line with the prior day’s latest levels.

The outlet attributed the steadier mortgage pricing to bond behavior, noting that bonds have been taking cues from oil this week. Oil was flat overnight, which kept bonds largely on a sideways track early.

Mortgage News Daily also said bonds weakened in the afternoon in a move separate from oil prices, which continued sideways to slightly lower.

The article added that some lenders may raise mortgage rates a bit before the end of business, while others may instead adjust on Monday morning if bonds do not change much by then.

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