Mortgage Rates Now Very Close to All-Time Lows

Posted To: Mortgage Rate Watch

Mortgage rates fell again today, extending an already-uncanny winning streak to its 8th straight day. The most recent improvements bring the average lender right in line with all-time lows. In fact, a few lenders are now offering better rates than they've ever offered, and a vast majority are back to the same note rates quoted in late 2012 (average points are still slightly higher though). Enough hair-splitting! The point is that rates are low! 3.25% continues to be widely available today and has taken further market share from 3.375% when it comes to conventional 30yr fixed quotes on flawless scenarios. With most scenarios not being perfectly flawless, there are still plenty of 3.375% quotes going out. At the moment, the biggest risks to rates are rather immediate. First of all, there's the...(read more)

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