Mortgage Rates Little-Changed Near 3-Year Lows

Mortgage rates barely budged, yet again today. But that’s not such a bad thing considering they are very close to 3-year lows. On top of that, among the lenders with detectable changes today, most were in a friendly direction. Bottom line, the most prevalent conventional 30yr fixed quote remains 3.625% on top tier scenarios. Several of the best-priced lenders are down at 3.5% and a few are still stuck at 3.75%. It should be noted that bond markets have been moving more than lenders’ rate sheets these days. Today was another good example. Normally, the amount of improvement seen in today’s bond markets would have resulted in a more noticeable improvement in mortgage rates. The takeaway is tha…
Mortgage Rates Newsletter – Market Analysis

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