Mortgage Rates Mostly Steady And Still Very Low

It seems almost melodramatic to refer to any modest increase in mortgage rates these days.  If we were to go over each lender’s rate sheet with a fine tooth comb today, indeed we’d likely find the average is just microscopically higher.  But higher from WHERE?  With the very best scenarios seeing 30yr fixed rate quotes of 3.0% or below, it’s hard to spend too much time lamenting any modest day-over-day increases.
Beyond that, most of the recent movement has been very small–too small to measure in terms of changes in the actual interest rate you’d be quoted.  Instead, there could simply be a minor adjustment in the upfront costs (origination, discount, or lender credit toward closing costs, depending on the scenario)….(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