Mortgage Rates Near June Lows

Mortgage rates took a few more steps in the right direction today and have now made it back to levels not seen since the beginning of June. Only the first 2 days of the month were any better. That said, the month began with a quick jump to the highest rates in more than 8 months, and they’ve only been falling gradually since then. Today’s improvement was a bit bigger than some recent examples. In many cases, the more aggressive lenders are back to quoting conventional 30yr fixed rates of 4.0% on top tier scenarios, though 4.125% is still slightly more prevalent. It’s never a bad idea to lock in gains when rates are near 3-week lows after hitting long term highs. It will always be the case th…
Mortgage Rates Newsletter – Market Analysis

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