Rates Catch a Break to Remain Near Long-Term Lows

Mortgage rates were generally flat today, depending on the lender.  Some were noticeably better while others were a hair worse.  In both cases, rates are very close to the lowest levels since late 2016.  Changes from Friday would most likely be measured in terms of upfront costs as opposed to differences in the quoted “note rate” itself (the rate most people are talking about when they talk about mortgage rates).  Upfront costs simply allow for smaller fine-tuning adjustments when the market doesn’t move enough for lenders to change rate quotes by the customary 0.125%….(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