Our research of wholesale mortgage lender's rate sheets shows 30 year fixed mortgage rates available as low as 4.875% with zero buy down points this morning.
Today the Dow plummeted 186 points (2.00%) driving investors into bonds pushing yields and mortgage rates down. Lenders most likely will adjust their rate sheets for the better shortly. That means 4.75% 30 year fixed mortgage rates for the first time since April.
Today the Dow plummeted 186 points (2.00%) driving investors into bonds pushing yields and mortgage rates down. Lenders most likely will adjust their rate sheets for the better shortly. That means 4.75% 30 year fixed mortgage rates for the first time since April.
Another day or two of high bond demand as investors steer clear of a risky stock market could send rates to all time record lows. 4.5% 30 year fixed mortgage rates are entirely possible depending upon which direction overall market confidence swings.
FHA loan rates follow the same indicators as conforming rates. Conforming jumbo mortgage rates also follow the 10 year yield. Super jumbo mortgages do not.
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