Tuesday, October 06, 2015

Mortgage News Daily: Mortgage Rates holding 3 7/8%

by Bill McBride on 10/06/2015 07:35:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Hold Sideways to Slightly Higher

Most lenders are right in line with yesterday's latest levels though there are a few who marginally increased costs. That means that borrowers would still likely be seeing the same note rates as yesterday, with Conventional 30yr fixed loans being quoted in a range from 3.75 - 3.875%.

To reiterate a point made yesterday, with the exception of last Friday, rates are as low as they've been since late April. Rates spent plenty of time dipping their toes in the water of "high 3's" over the past few months, but this is the best sustained run we've had with 3.75% being available at more than a few lenders. And again, keep in mind that almost any rate that's available at one lender would be available at other lenders as well, but the costs to obtain that rate could vary greatly between lenders on opposite ends of the spectrum.
Here is a table from Mortgage News Daily: