Traders typically drop off at mid-day when European markets close. Today bond markets is a ghost town. Before that, yields had done a nice job of returning inside yesterday's trading range.
Regrettably, that won't prevent traders from selling bonds on Tuesday if that's what they're motivated to do. It simply means today wasn't quite as weak as afternoon levels would suggest.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 3.90% (+0.01%).
• 15 year (FRM) rates at 3.18% (+0.00%).
• FHA 30 year Fixed rates at 3.50% (+0.05%).
• Jumbo 30 year Fixed rates at 4.18% (+0.01%).
• 5/1 ARM rates at 3.18% (+0.00%).
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