.

Mortgage rates Improve Slightly

Mortgage Rates Improve Slightly

 

Mortgages Rates improved very slightly in most cases today, though some lenders' rates were unchanged.

This follows a strong move lower by most lenders on Friday after a weaker-than-expected jobs report. There's a greater-than-normal variability between lender offerings, but in general, mortgage rates are near their best levels of the month.

The Best-Execution Conventional 30yr Fixed Rate is now in a transitional territory between 3.875% and 4.0% with the latter still constituting the best bang for the buck. It wouldn't take many more days of improvement for 3.875% to vie for the Best-Execution title.

More lenders today joined the ranks of those who can offer no-closing-cost loans at 4.0% (assuming perfect circumstances), and 3.875% is increasingly becoming possible.

As always, keep in mind that we track best-execution rates based on an ideal scenario in order to have a static frame of reference to capture the day to day movement of interest rates. 

Jon

jstarr@westtownsb.com

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »