Posted To: Mortgage Rate Watch
Mortgage rates dropped again today, continuing a recent trend of improvement and bringing us to the best levels seen since March 1st. Market volatility is still making for a wide variety of pricing strategies between lenders with some of them easily back down to 3.625% on conventional 30yr fixed quotes while others aren't quite there yet. Either way, the average lender is more likely to be quoting 3.625% on top tier scenarios than on any other day this month. The timing is dramatic , with today being the last day of the month/quarter and also the day before the important Employment Situation report (aka "jobs report"). The month/quarter-end designation is important because it creates a relative frenzy of trading activity regardless of the economic data or events. When there are big moves like...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1UXaUEI
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