Tuesday, September 22, 2015

"Mortgage Rates Back Into High 3's"

by Bill McBride on 9/22/2015 08:41:00 PM

• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• During the Day: The AIA's Architecture Billings Index for August (a leading indicator for commercial real estate).

From Matthew Graham at Mortgage News Daily: Mortgage Rates Back Into High 3's

Mortgage rates got back on track today after giving up a fair amount of last week's gains yesterday. Most lenders are very close to Friday afternoon's levels, which were among the best in over 4 months. ...

Most lenders continue to operate in a range of 3.875%-4.0% for conventional 30yr fixed rate quotes, though some of the more aggressive lenders are moving down to 3.75%.