Mortgage Rates End Week on Low Note (The Good Kind)

Mortgage rates ended the week on a low note (in a good way), falling in line with their best recent levels.  This put some lenders in line with April 30th’s offerings which is a great place to be considering they marked the 2nd lowest rates of all-time.  To see anything better, you’d have to go back to early March.  In other words, today’s rates are essentially the lowest in 2 months.  But as has been and will continue to be the case, that statement comes with caveats.
While day-to-day volatility has died down in terms of rate changes, different lenders are still farther apart from one another than normal.  There is also a wider discrepancy between top tier scenarios and those that are “off the beaten path” in terms of risk factors.  …(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Source: mortgagenewsdaily.comNew feed