Mortgage Rates Steady at 3-Week Lows


Posted To: Mortgage Rate Watch

Mortgage rates held steadier today after spending 6 of the past 7 days moving lower. They’re now at their lowest levels in roughly 3 weeks and fairly close to reentering the lower range that ended in September. That all sounds pretty impressive, but day to day rate movements have been smaller than average for much of 2017. Some of the most volatile days of the past few months would look more like an average day at most points in 2016. Offsetting the lack of outright movement by historical standards is the fact that rates have managed to hold at generally low levels. Most lenders are able to quote conventional 30yr fixed rates just under 4% on top tier scenarios. Near the end of October, most lenders were creeping up into the low 4% range. Underlying financial markets have been calm so far this…(read more)

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