7-year highs, back down to 2-month lows - mortgage rates are decreasing furiously! Although todays numbers did not improve for the average lender, rates did manage to hold steady between the gap in mortgage rates between 10/2 and 10/3, bringing them back down to the 2-month low. This movement makes us hopeful that Markets are giving much consideration in the way of a broader correction to the mortgage rates (rates going down).
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.85% (-0.01%)
• 15-year (FRM) rates at 4.37% (0.00%)
• FHA 30-year Fixed rates at 4.37% (0.00%)
• Jumbo 30-year Fixed rates at 4.54% (0.00%)
• 5/1 ARM rates at 4.75% (0.00%)
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