Mortgage rates were marginally lower today compared to last week, but only when factoring in upfront finance charges.  Actual quoted interest rates have been unchanged for more than a week with the average lender quoting conventional 30yr fixed rates of 4.0% on top tier scenarios.

For the bond markets that underlie mortgage rates, it was a three-day weekend, and it showed.  There were no relevant economic reports and very little by way of market-moving news or events.  That will change later this week when we'll receive several important reports, including a key inflation reading on Friday.  

In general, rates have been in a holding pattern at the highest levels in more than 2 months.  The next move is important, because it will either keep 2017's narrow pattern intact or suggest a shift back toward higher rates for the first time since the beginning of the year.