Mortgage rates didn’t really improve today for the average lender, but they did manage to hit the lowest rates in 2 months on a technicality. The reason for this is simple. There was a big gap between the rates seen on October 2nd and October 3rd. Rates merely had to hold steady today in order to earn the “2-month” title. [30YR FIXED – 4.875]
• At 8:00 AM ET, Corelogic House Price index for October.