Mortgage Rates Close to All-Time Lows

Mortgage rates moved slightly lower today, bringing them to levels seen only one other time in the past 3 years.  Even then, that was only for a few hours on February 11th.  This time around, we’ve been holding near these 3-year lows in much more stable fashion.  If rates are able to move any lower from here, that will put them in line with all-time lows. That would connote an average conventional 30yr fixed rate of 3.375%, which isn’t too far away considering more than a few lenders are quoting 3.5% on top tier scenarios today.  3.625% remains slightly more prevalent.
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About mortgagelendingstatenisland

I am a mortgage banking veteran with over 15 years of experience at every level of the mortgage arena. I am known as the "closer" because of my troubleshooting skils and ability to explain in detail to my clients and business partners "What Makes A Mortgage Approvable".

Posted on June 9, 2016, in Uncategorized. Bookmark the permalink. Leave a comment.

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