Another Week, Another Trip to All-Time Lows For Mortgage Rates
Posted To: Mortgage Rate WatchMortgage rates fell again today. Whereas yesterday’s improvements arrived in choppy fashion only after many lenders quoted higher rates in the morning. Today’s improvement was more conclusive and more consistent from lender to lender. While there were a handful of mid-day improvements in response to bond market strength, most lenders were at least as low as they’d ever been to start the day. Many lenders were decidedly lower, bringing the average top tier conventional 30yr fixed quote dangerously close to cracking below the 3.0% barrier. If you’re hearing about rates in the high 2% range, shaking your head, and scoffing , know that you are not alone. It continues to be the case that rate offerings vary quite a bit from lender to lender. They can also be vastly different for different scenarios…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.