What's Going On With Mortgage Rates? A Definitive Guide As Of August 26th, 2020

With several major developments and interesting milestones in the mortgage world, I’m seeing a lot more confusion than normal.  So let’s clear it up without too many extra words or meaningless rants.
I heard rates were 1.99%.  What’s up with that?
Ever paid more upfront in exchange for lower cost over time?  1.99% is that simple, and it was aggressively/cleverly marketed.  The average borrower tends to choose a higher rate over the bigger upfront costs associated with 1.99%.  Read more on it HERE.  
I heard there was some fee a few weeks ago that made mortgage rates 0.5% higher!
Sort of…  Remember, mortgage rates themselves are only one part of the equation.  There’s also the option of ……(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