Mortgage Rates Are Way Less Volatile, Now Changing Just Once Every 5 Hours, 4 Minutes

It's a terrific time to shop for a mortgage. Rates are scraping all-time lows and MBS volatility is fading. Mortgage rates are changing every 5 hours on average -- a molasses pace as compared to June and the slowest rate since March. Slow and low. That is the tempo. And it suits rate shoppers just fine.