Tuesday, June 06, 2017

30 Year Fixed Mortgage Rates Fall Below 4%

by Bill McBride on 6/06/2017 05:23:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Unexpectedly Fall to 2017 Lows (Again)

Mortgage rates unexpectedly fell to new 7-month lows today, following bond market gains in the overnight hours (Asian and European trading sessions).
...
The average lender is now quoting conventional 30yr fixed rates in the high 3% range on top tier scenarios.  The range is fairly wide between lenders as some were better positioned for these market movements than others.  That means the same scenario could see a rate as low as 3.75% at one lender and 4.125% at another with the same closing costs.

It continues to be the case that Thursday's events have the biggest potential to push rates higher or lower.
emphasis added
Here is a table from Mortgage News Daily: