Mortgage rates were unchanged today, on average.  Some lenders were slightly better, others were slightly worse, but none were very far from yesterday's latest levels.  In fact, most prospective borrowers would see the exact same quote they saw yesterday.  As was the case yesterday, an absence of movement isn't bad news, considering rates are in line with their lowest levels since November 2016.

Today's key events were speeches from the leaders of the world's 2 biggest central banks: Janet Yellen (Fed) and Mario Draghi of the European Central Bank (ECB).  Markets didn't have especially high hopes that these speeches would be earth-shattering and that instinct ended up being right on the money.  Neither speaker shared any major revelation.  In fact, both avoided commenting on monetary policy almost completely.  

Day-to-day risks remain muted when it comes to big swings in mortgage rates.  Granted, a big swing is always possible when we're dealing with financial markets, but we just haven't seen any stark examples of that in more than a month.  The most prevalently-quoted conventional 30yr fixed rate remains 3.875% on top tier scenarios.