Mortgage rates¬†moved¬†lower¬†for 3rd straight day (and the 5th time in the past 6 days). ¬†That makes this the best winning streak of the year and it brings rates to the lowest levels of the year (matching February 8th and a few days in early January). ¬†From here, you'd have to go back to mid-November 2016 to see appreciably lower rates.
All that having been said, the range over that time has been fairly narrow--4.125%-4.375% for top tier conventional 30yr fixed rate quotes. ¬†Naturally, today's average lender is at 4.125% although some of the more aggressive lenders are indeed down to 4.0%. ¬†No matter the rate quoted, the important point is that today's rates are noticeably lower than yesterday's. ¬†Even if the NOTE rate is the same, the upfront costs should be lower (thus making for a lower EFFECTIVE rate)....(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=711636