Mortgage rates tick down as investors rotate back to the bond market. Mortgage rates are still likely to bounce in a narrow range for some time. Stocks end slightly lower after strong jobs.
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Mortgage rates dropped noticeably today, bringing quite a few lenders down to 3.25% in terms of conventional 30yr fixed quotes on top tier scenarios. For all intents and purposes, these rates are "all-time lows," even though there were several occasions in late 2012 where some lenders offered lower rates.
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
Mortgage Rates Improve Slightly, Near 2013 Lows. mortgagenewsdaily.com Mortgage rates moved lower for the 3rd straight day, moderately extending the solid improvements seen late last week, and bringing rates very close to 2013 lows. Depending on the rate, some lenders are actually slightly lower in cost than they were on April 5th after the weak Employment Situation Re.
Basement level mortgage rates are always a welcome sign for homebuyers and refinancers. As rates bounce off the bottom, it’s never too soon to think about what you can do to combat rising rates. If you’re at the mercy of rising rates, you still have options to keep your rates and monthly payments low.
First Option Mortgage, LLC > First Option Blog > Mortgage Interest Rates Continue to Bounce Around the Bottom December 21, 2012 home mortgage rates are at their lowest point in many years.
You don’t even need to refinance your mortgage to do this because most lenders will simply offer this service for a fee of about $250. If you extend your 15- or 30-year mortgage to a 40-year mortgage, your monthly mortgage payment will decrease since you have more time to pay back your loan by stretching out the term.
Mortgage rates moved lower this morning, more by way of catching up with. it’s not too surprising to see rates bounce slightly higher with a fresh example of lawmakers actually being able to come.
Mortgage Rates erased yesterday’s losses today, moving lower to fall in line with Tuesday’s levels. President of Premier Home Loans We are still recommending a "lock" strategy at time of.