Friday, June 19, 2015

Mortgage News Daily: Mortgage Rates Near June Lows

by Bill McBride on 6/19/2015 04:19:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Near June Lows

Mortgage rates took a few more steps in the right direction today and have now made it back to levels not seen since the beginning of June. Only the first 2 days of the month were any better. That said, the month began with a quick jump to the highest rates in more than 8 months, and they've only been falling gradually since then.
Today's improvement was a bit bigger than some recent examples. In many cases, the more aggressive lenders are back to quoting conventional 30yr fixed rates of 4.0% on top tier scenarios, though 4.125% is still slightly more prevalent.
Here is a table from Mortgage News Daily: