End of March Brings Drip In Mortgage Rates

End of March Brings Drip In Mortgage Rates

from mortgagenewsdaily.com

 

On March 31, mortgage rates dropped, continuing a recent trend of improvement and bringing us to the best levels seen since March 1st. Market volatility is still making for a wide variety of pricing strategies between lenders with some of them easily back down to 3.625% on conventional 30yr fixed quotes while others aren’t quite there yet. Either way, the average lender is more likely to be quoting 3.625% on top tier scenarios than on any other day this month.

Get a look at national mortgage interest rates and a week-by-week comparison from First Community Mortgage of Franklin:

 

mortgage calculator april 2

Some of the latest, local mortgage rates according to Bankrate.com are:

Bank Rate
Regions 3.776%
Wilson Bank & Trust 3.895%
Cadence 3.784%
Citizens Bank 3.900%
First South 3.894%

* The above mortgage loan information is provided to, or obtained by, Bankrate. The rate is based on 30 year fixed rate mortgage and a loan of $300,000. Rates change often an your personal rate may differ from the above number based on your qualifications. To see more rates from Bankrate, click here.

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