Mortgage Rates Steady at Recent Lows

Posted To: Mortgage Rate Watch

Mortgage rates held steady today, keeping them in line with the best levels in just over a month. That means the best-qualified borrowers putting more than 20% down are seeing conventional 30yr fixed rates of roughly 4%, depending on the lender. Some are quoting rates in the 3.75-3.875% range, but points and fees may vary. As always, it's a good idea make sure you're looking at all lender-related fees when comparing any two rate quotes. These can include things like origination, discount points, processing, and admin fees. Today brought the release of economic data that has a track record of inspiring movement in the bond markets that underlie mortgage rates. Inspiration was lacking in today's ADP Employment Report, which many view as a take-it-with-a-grain-of-salt barometer for the all-important...(read more)

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