Mortgage Rates Lowest in Weeks

Mortgage rates improved slightly to begin 2017, bringing them to the lowest levels in nearly a month, on average. December 8th was the last time rates were lower. During December, conventional 30yr fixed quotes were straying into the 4.375%-4.5% territory for many lenders. Now, nearly every lender is back down to 4.25% at least, with several already down to 4.125%. These rates assume a top tier scenario with no negative adjustments. Today’s victory was far from a given. That looked especially true this morning as bond markets got off to a weaker start (bond market weakness implies higher rates). Indeed, most lenders were slightly worse off this morning. Bonds improved, somewhat substantially…
Mortgage Rates Newsletter – Market Analysis

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