Mortgage rates once again saw a greater-than-normal degree of stratification between lenders, meaning that some of them offered lower rates today while others moved their rate sheets higher.  This is partly due to the relative mess that the Thanksgiving holiday makes of US markets every year.  Because Friday was only a half day (for markets, officially) and because Thursday is a full market closure, many lenders simply choose to stay closed on Friday and thus, do not put out rate sheets.  Those that did, may have done so more conservatively than they otherwise would.  On a final note, different lenders had different approaches leading up to the 4 day weekend, thus making for quite the variety of rate sheets between then and now.  

Whatever the case, rates are moderately lower when averaged among all the lenders in our survey, though there are some notable exceptions.  Regardless of the changes, both last week's and today's rate sheets indicate a 3.375% Best-Execution rate for 30yr Fixed, Conventional Loans.  When we discuss movement in rates against the backdrop of an "unchanged" Best-Execution rate, it means that the differences in rates vs the previous session(s) are seen in the form of COST (such as the closing costs or credit associated with that particular rate quote). 

 

(Read More:What is A Best-Execution Mortgage Rate?)

The week ahead promises to be significantly more involved for markets than the traditionally slow Thanksgiving week.  Market participants are waiting for potentially important news regarding the latest installment of bailout funding for Greece.  There's also much more economic data on tap, including GDP on Thursday, as well as Treasury Note auctions on the central three days of the week.  All of the above can have some effect on how mortgage rates shape up into the end of the month.