Best Friday in More Than a Year for Mortgage Rates


Posted To: Mortgage Rate Watch

Mortgage rates didn’t necessarily improve today –some lenders were worse-off actually–but merely holding steady on average, rates are ending the week at their best levels since at least January 2015. Some lenders are at their best end-of-week rates in nearly 3 years. To be clear though, rates were definitely lower on February 10th and 11th of this year, but neither was a Friday. They were, in fact, a Wednesday and Thursday, meaning that they largely went uncounted by Freddie Mac’s weekly rate survey. As such, the news is rife with articles proclaiming the lowest rates of the year this week, even though that’s not exactly the case. Still, rates are pretty darn low, with the average lender continuing to quote conventional 30yr fixed rates of 3.625% on top tier scenarios. Several lenders continue…(read more)

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