Call (248) 674-6450 For an Instant Pre-Approval!
by Trevor Sines

After stumbling just slightly yesterday, mortgage rates returned to their recent habit of setting new 2017 lows today.  At this point, we're getting closer and closer to post-election lows.  You'd have to go all the way back to November, 14th 2016 to see anything lower.

In specific terms, even more lenders have joined the majority in quoting conventional 30yr fixed rates of 4.0% on top tier scenarios.  The more aggressive lenders are now back into the high 3% territory (3.875% mainly, with a very small minority at 3.75%).  Many lenders are quoting the same NOTE rates as yesterday, but today's upfront costs are moderately lower on average.  

...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Share this article

Leave a comment

Your email address will not be published. Required fields are marked *