Mortgage rates¬†were unchanged¬†to slightly higher today, keeping them in line with the previous 4 business days. ¬†This 5-day block stands out from the previous trend that had taken rates generally lower since the middle of March, ultimately hitting the best levels of the year on April 18th. ¬†At the time, a majority of lenders were quoting conventional 30yr fixed rates of 4.00% on top tier scenarios. ¬†
While there are still several lenders at 4.0%, most have moved up to 4.125%. Most borrowers will be quoted the same NOTE rate today and Friday, but with higher upfront costs (thus making for a higher 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.