Cherry Creek Mortage reported this week that mortgage rates did a complete 180, reversing Tuesday's improvement, and taking rates back in line with recent highs. That sounds fairly ominous, and in the sense that further weakness would mean new multi-month highs, it is. But less ominous is the fact that rates continue to operate in a narrow range where the only major day to day changes have been seen on the COST side of the equation. But the other side of the equation is the RATE itself. Those have been steady over the past two weeks with 30yr Fixed, Conventional Loans at 3.625% generally with points.
