Mortgage rates¬†fell modestly today, keeping rates near the lower end of the range seen since January 18th. ¬†The catch is that rates moved sharply higher on the 18th, and from there, you'd have to go back to late December to see anything higher. ¬†Simply put, we're at the lower end of the recently higher range. ¬†Combine that with the potential volatility this week from several important economic reports and there's a good case to be made for "playing it safe" with respect to locking vs floating.
4.25%¬†remains the most prevalent quote on top tier conventional 30yr fixed scenarios. ¬†...(read more)Forward this article via email:¬†¬†Send a copy of this story to someone you know that may want to read it.[img]http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=701502