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. 



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