by Calculated Risk on 6/24/2016 04:52:00 PM
Friday, June 24, 2016
Mortgage Rates Near Record Lows
From Matthew Graham at Mortgage News Daily: Single Best Day For Mortgage Rates in More Than a Year
From yesterday's most prevalent conventional 30yr fixed quote of 3.625%, we're now easily down to 3.5% for most lenders. A few of the most aggressive lenders are already down to 3.375% on top tier scenarios. Back in 2012, 3.375% was the lowest rate that was maintained for more than a few days, although there were a few windows of opportunity for 3.25% and 3.125%. Considering some of the higher costs associated with today's mortgages (government guarantee fees and servicing costs), we're effectively back in line with all-time lows.Here is a table from Mortgage News Daily:
emphasis added