Mortgage Rates Played a Perfect Game This Week

Yesterday, we talked about how mortgage rates were actually lower this week, despite some news coverage to the contrary, and how that discrepancy was the result of a logical misunderstanding.  Today takes the discrepancy to another level as rates fell even farther.  The average lender is very close to offering the lowest rates seen in over a year. In fact, if we’re talking about the “note rate” (the actual interest rate applied to a mortgage balance), we’re at the lows already.  It’s only when we consider the upfront costs that today’s overall rate/fee scenarios aren’t quite there yet. …(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