Lowest Mortgage Rates in a Month

Mortgage rates dropped again today, continuing a recent trend of improvement and bringing us to the best levels seen since March 1st. Market volatility is still making for a wide variety of pricing strategies between lenders with some of them easily back down to 3.625% on conventional 30yr fixed quotes while others aren’t quite there yet. Either way, the average lender is more likely to be quoting 3.625% on top tier scenarios than on any other day this month. The timing is dramatic , with today being the last day of the month/quarter and also the day before the important Employment Situation report (aka “jobs report”). The month/quarter-end designation is important because it creates a relat…
Mortgage Rates Newsletter – Market Analysis

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