Mortgage Rates Lowest Since April Ahead of Big Jobs Report

Mortgage rates can seemingly do no wrong this week. They fell again today–this time making it firmly into territory not seen since late April. At current levels, many lenders have moved on to quoting conventional 30yr fixed rates of 3.75% on top tier scenarios. 3.875% is nearly ubiquitous, and you’d be more likely to see 3.625% before 4.0%. In other words, we’re not merely dabbling in the upper reaches of the “high 3’s.” Rates are legitimately in the 3% range–for now. Today’s improvements, and indeed some of the improvements earlier this week have NOT been captured by Freddie Mac’s weekly Primary Mortgage Market Survey –the industry standard for mortgage rate tracking. While the survey is…
Mortgage Rates Newsletter – Market Analysis

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