Posted To: Mortgage Rate Watch
Mortgage rates fell again today , extending an exceptionally strong 2+ week move back to lower levels after an exceptionally weak 5 week move to 2015 highs. The previous trend topped out after the big jobs report released on March 6th, and we’ve moved lower or held steady on all but one day since then. For the record, that’s 11 out of 12 winning days for rates–not the sort of trend we see too often. It’s increasingly likely that the trend will be interrupted (meaning a step back toward higher rates), but it’s more difficult to say if that would be a brief correction or the beginning of a broader bounce. Any lender with a pulse is back down to 3.75% at the very least and many have moved on to 3.625% in terms of the most common conventional 30yr fixed rates. In terms of rate sheet pricing, the…(read more)
Via:: Mortgage Rates Falling Toward Mid 3 Percent Range
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