Mortgage rates¬†recovered much of Friday's losses today, moving back near the lowest levels in more than a month. ¬†To be fair, that's a claim they could have made on Friday, which was still the 2nd best day in a month despite the deterioration vs Thursday. ¬†2017 has consequently been "so far, so good" for rates. ¬†When combined with the 2nd half of December, rates are a quarter of a point lower on average, and as much as a half point lower at certain lenders.
The most prevalent conventional 30yr fixed rate remains 4.125% on top tier scenarios. ¬†Today's improvement comes in the form of lower upfront costs (or a higher upfront lender credit, as the case may be). ¬†...(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=696584