Mortgage Rates Played a Perfect Game This Week

Facebooktwitterlinkedin

Posted To: Mortgage Rate Watch

Yesterday, we talked about how mortgage rates were actually lower this week, despite some news coverage to the contrary, and how that discrepancy was the result of a logical misunderstanding. Today takes the discrepancy to another level as rates fell even farther. The average lender is very close to offering the lowest rates seen in over a year. In fact, if we’re talking about the “note rate” (the actual interest rate applied to a mortgage balance), we’re at the lows already. It’s only when we consider the upfront costs that today’s overall rate/fee scenarios aren’t quite there yet. Let’s not split hairs though: rates are effectively as good as they’ve been in a long time. There are multiple factors behind the friendly move and there are multiple landmines in the weeks ahead. These will be…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Facebooktwitterredditpinterestlinkedinmail
Show Buttons
Hide Buttons