Mortgage Rates at 3.5 Percent

Mortgage rates were widely available at 3.5 percent for much of the day today. At any other time from the middle of 2013 through the end of 2015, that’s not something that very many people thought they’d be able to say (or read, or think!). A few lenders had been dabbling in quoting conventional 30yr fixed rates of 3.5% earlier this week, but today saw a majority of lenders join that adventure–at least in the morning. As is often the case with financial markets, the biggest, quickest moves demand an occasional pause . Call it a correction, consolidation, distribution, or whatever you will. It all means the same thing. Today it meant that the extraordinarily strong morning trading levels in …
Mortgage Rates Newsletter – Market Analysis

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