Mortgage rates today slip back into the 5s as Treasuries firm; Rocket Mortgage stock slides
Mortgage rates slid back into the 5% territory as the average top-tier 30-year fixed dropped to 5.99%, down roughly 5 basis points from Friday, according to Mortgage News Daily. Matthew Graham, the publication’s author, noted there’s “no new news causing the improvement,” but flagged the risk that lenders may reprice swiftly if bonds head the other way.
