Mortgage Rates Approaching All-Time Lows

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Posted To: Mortgage Rate Watch

Mortgage rates were slightly lower again on Wednesday. Even though the day to day movements have been small, that gets us as close as we've been to the all-time lows seen in late September and early October, with a few exceptions depending on the lender. Best-Execution for Conventional 30yr Fixed Loans has arguably moved down to 3.25% at this point, though 3.375% is still prevalent depending on the lender and scenario. ( Read More:What is A Best-Execution Mortgage Rate? ) US markets didn't do much at all by way of reacting to this morning's economic data, though the fact that it offered several negative employment anecdotes could be seen as a slight benefit for interest rates . To clarify, some of this morning's data contained weaker-than-expected readings on job creation. If that translates...(read more)

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Source: www.mortgagenewsdaily.com

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