Mortgage Rates Slightly Higher Ahead of Fed Minutes

Mortgage rates moved back up today, but continue holding well-inside last week’s range. “Movement” is a relative term these days considering it’s usually in reference to the closing costs associated with prevailing rates (as opposed to changes in rates themselves). In other words, if you were quoted 4.0% yesterday, you’d likely see the same rate today, but with just slightly higher closing costs, or lower lender credit. Incidentally, 4.0% is indeed the most prevalent conventional 30yr fixed rate quote for top tier scenarios, though several lenders are .125% higher or lower. Tomorrow brings the release of the Minutes from the Fed’s most recent meeting in late July. The Minutes provide an oppo…
Mortgage Rates Newsletter – Market Analysis

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