Mortgage Rates Drop Slightly: A Look at Local Rates March 17

from mortgagenewsdaily.com

Mortgage rates moved  lower Wednesday, but the amount was not only smaller than underlying market movement suggested, it also varied widely from lender to lender.  This likely has a lot to do with lenders’ strategies heading into today’s volatile events.  The lenders who had set rates higher than normal yesterday as part of a defensive strategy were able to drop rates a bit more than other lenders today.  But even when we add those bigger moves into the mix, we still didn’t see enough improvement to bring contract rates back down to 3.625%.  The most prevalently-quoted conventional 30yr fixed rates remains solidly in 3.75%-3.875% on top tier scenarios.

 

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

mortgage calculator march 17

 

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

Bank Rate
Regions 3.901%
Wilson Bank & Trust 3.895%
Cadence 4.160%
Citizens Bank 4.026%
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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