Mortgage Rates Tick Higher, But Just Barely

It’s been a pretty good run for mortgage rates since hitting their most recent highs last Tuesday. Each subsequent day saw a modest improvement. That winning streak finally ended today, but just barely. The average top tier 30yr fixed rate was only 0.01% higher compared to yesterday.

For all practical purposes, that means that rates have been flat soo far this week after starting out just a bit lower than last week.  There haven’t been any major sources of motivation in terms of economic data.  Headlines surrounding trade deals have made for some barely-noticeable reactions in the underlying bond market, but not big enough to have a more visible impact on rates.

Tomorrow brings the week’s most active slate of economic data even though the reports on tap are not…