Mortgage Rates Slowly Approach July Lows

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Mortgage rates continued the recent trend of very small improvements today. Most lenders are essentially unchanged, and while a few rate sheets were higher than yesterday's, they were the exception. The average improvement was so small that it would have no effect on the contract rate in most cases. That means closing costs would be just slightly lower for the same rates quoted yesterday. While some of the most aggressive lenders are back to quoting conventional 30yr fixed rates of 4.0%, most remain at 4.125% . Relative to the sharper drop in rates earlier this month, today's aren't quite as low, but it would only take another day or two of modest improvement to get there. It's notable that we can now talk about potential future scenarios that include "modest improvement. Until just recently...(read more)

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

Source: http://www.mortgagenewsdaily.com/consumer_rates/490090.aspx

- For more real estate news visit our website at http://www.AzHomeHelp.com