Mortgage Rates Hold Sideways to Slightly Higher

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Posted To: Mortgage Rate Watch

Mortgage rates managed to hold their ground in most cases today. That's a refreshing turn of events considering the forceful move higher seen on Friday afternoon and yesterday. Granted, that spike in rates followed a strong move to the lowest levels in over 5 months on Friday morning, but it was still not fun to see all of Friday's gains erased. In that sense today didn't add any additional insult to injury. Most lenders are right in line with yesterday's latest levels though there are a few who marginally increased costs. That means that borrowers would still likely be seeing the same note rates as yesterday, with Conventional 30yr fixed loans being quoted in a range from 3.75 - 3.875%. To reiterate a point made yesterday, with the exception of last Friday, rates are as low as they've been...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/517346.aspx

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