Thursday, September 08, 2016

"Most lenders continue to offer 30yr fixed quotes around 3.375% on top tier scenarios"

by Bill McBride on 9/08/2016 05:58:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Rise Thanks to Europe

Mortgage Rates bounced higher today, bringing them back in line with the pervasive range of the past several weeks. As of yesterday, rates were technically at 2-week lows.

The ultra-narrow range continues to be an important caveat for any discussion of rate movement. Simply put, there is such a small gap between 2-week highs and 2-week lows that it could be easily traversed on an average day of movement. Most lenders continue to offer conventional 30yr fixed quotes around 3.375% on top tier scenarios.
emphasis added
Here is a table from Mortgage News Daily: