Mortgage rates were largely unchanged Tuesday, with some lenders a touch higher only because they had already repriced upward Monday afternoon.
10 a.m. ET rate sheets mostly held through the day because the bond market did not move enough to trigger fresh lender repricing.
Monday’s modest bond-market losses had been just large enough for some lenders to raise rates mid-session, creating the small differences seen across lenders.
Wednesday morning’s Consumer Price Index report is the next key catalyst, and any reading that materially misses expectations could push mortgage rates sharply higher or lower.