Posted To: Mortgage Rate Watch
Mortgage Rates moved modestly higher today , but remain in an excruciatingly narrow range in the bigger picture. Actually, there’s nothing too excruciating about it, unless you’re trying to find something interesting to say about day-to-day rate movement. Otherwise, it’s actually fairly pleasant that such a boring, persistent range has taken shape fairly close to all-time lows. In terms of conventional 30yr fixed quotes on top tier scenarios, the best we’ve ever seen was a range from 3.125%-3.25% on a few days in late 2012. We did manage to spend a few days back at 3.25% in early July 2016, but since then, this new range rests between 3.375% and 3.5% . In other words, rates have held for more than a month at levels that are a mere quarter point higher than the all-time lows that only held for…(read more )