Tuesday, January 19, 2016

Mortgage News Daily: "Lenders quoting 30yr fixed rates of 3.875% on top tier scenarios"

by Bill McBride on 1/19/2016 05:37:00 PM

Mortgage rates are nears the lows of the last two months ...

From Matthew Graham at Mortgage News Daily: Mortgage Rates Back Away From Long Term Lows

Mortgage rates moved higher today, but remained near the lowest levels in more than 2 months. Friday's drop was uncharacteristically sharp and put rates in a position to break 7 month lows had today gone the other direction. Most lenders are quoting conventional 30yr fixed rates of 3.875% on top tier scenarios. 4.0% is the next most prevalent quote with only a select few of the most aggressive lenders down at 3.75%. All of these assume top tier scenarios.
emphasis added
Here is a table from Mortgage News Daily: