Lowest Mortgage Rates in More Than a Month, For Some Anyway

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Posted To: Mortgage Rate Watch

Mortgage rates moved down again today, bringing the average lender to their best levels since the 2nd week of March. Some lenders are quoting their lowest rates ever, but early March 2020 averages are still decidedly lower. You may have seen other articles today claiming “all-time lows.” Some of those articles may even be quoting me (although they don’t quote me in support of the “all-time low” headline). Who’s right? In terms of the average rate on any given day, we’re absolutely not yet back to early March levels. That’s a fact. Other sources are in apparent disagreement if they’re relying on Freddie Mac’s weekly survey-based rate index, which is indeed at an all-time low this week. When it comes to Freddie’s survey, keep in mind that it doesn’t account for any movement on Thursdays and Fridays…(read more)

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