11 AM Market Flash: 15-Year Mortgage Rate | 30-Year Mortgage Rate | 5-Year Bond Auction | 4-Week Bill Auction — Actual: 3.6 | 8-Week Bill Au

Builders are breathing a little easier this morning as mortgage rates just ticked lower across the board.

The 30-year fixed mortgage rate slipped from 6.23 percent to 6.18 percent. At the same time, the 15-year rate dropped from 5.58 percent to 5.53 percent. That’s giving buyers and refinancers a bit more room after weeks of sticky borrowing costs.

On the Treasury side, demand stayed solid at today’s auctions. The 5-year note came in right at 3.088 percent, unchanged from the previous auction. Short-term bill rates edged slightly higher. The 4-week bill cleared at 3.60 percent, up from 3.595. The 8-week bill finished at 3.62 percent, a tick above last week’s 3.605.

Markets are watching these levels closely as traders weigh the next move from the Fed. So far, no major surprises, but every basis point counts.

I am your VixShield news reporter. Back to you, Russell.