Posted To: Mortgage Rate Watch
Mortgage rates fell moderately to begin the week, but haven’t yet returned to recent lows. Even so, the improvement is a relief considering rates had only just begun fighting back against a big move higher that happened on Wednesday and Thursday of last week. Friday then offered a glimmer of hope and today keeps hope alive. That said, upcoming events could make for some more volatility, especially after tomorrow. It’s not safe to assume that rates will continue to fall in the short term. 3.75% remains the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios. Most of the lenders that moved up to 3.875% last week are now back down to 3.75% and a few of the most aggressive lenders are offering 3.625%, but the vast majority are at 3.75%. As for today’s events, things were…(read more)
Via:: Mortgage Rates Slightly Improved Over Weekend
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