Posted To: Mortgage Rate Watch
Mortgage rates barely budged again today, which means they’ve been able to hold under an important ceiling as we head into next week’s Fed Announcement. Given the improvement in underlying market conditions, lenders are playing it safe with rate sheets. This could allow them more flexibility in the event markets improve further at the start of next week. 3.75% remains the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios, though several lenders are at 3.625%. As always, keep in mind that a borrower being quoted one rate almost always has the option to pay more upfront in exchange for a lower rate. Whether or not this makes sense is a matter of personal preference. In terms of lock/float strategy heading into next week, today was effectively a “pass.” That’s not a bad…(read more)
Via:: Mortgage Rates Continue Marginally Lower
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