Mortgage Rates Approaching 5-Month Lows

Mortgage rates had another great day , with most lenders maintaining or improving upon yesterday’s 4-month lows. Given that we’d have to go back to May 8th, 2015 to see better rates, we’re very close to ‘5-month lows.’ In terms of top tier conventional 30yr fixed rate quotes, 3.875% remains most prevalent. A growing number of lenders are quoting 3.75% and only a few remain up at 4.0%. Not all borrowers will see a change in their quoted rate over the past few days, but in those cases, the closing costs would be lower or the lender credit would be higher. Although there was a reasonable chance that we’d see increased volatility in the markets that underlie mortgage rates today, trading remaine…
Mortgage Rates Newsletter – Market Analysis

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