by Calculated Risk on 11/24/2014 05:35:00 PM
Monday, November 24, 2014
Mortgage News Daily: Mortgage Rates below 4%, Lowest in 1-Month
From Matthew Graham at Mortgage News Daily: Mortgage Rates Now at 1-Month Lows
Mortgage rates continue making improvements so small and so steady that they're barely noticeable, but they're improvements just the same. That's recently left us in the best territory in nearly a month. Today extends those slow and steady gains just enough to technically claim the "1-month low" designation, despite the fact that rates aren't materially different than they have been. The most prevalently-quoted conforming 30yr fixed rate remains 4.0% for top tier borrowers, but each day of modest improvement brings us closer to 3.875% and puts 4.125% farther in the rearviewHere is a table from Mortgage News Daily: