Mortgage Rates Holding Steady at All-Time Lows

Mortgage Rates

NEW Susan Gregory Footer

from mortgagenewsdaily.com

Mortgage Rates were mixed on Friday (Sept 30), with some lenders in slightly weaker territory while others offered modest improvements versus yesterday. The dichotomy has to do with the timing of Thursday’s market movements. Bond market began the day in weak territory Thursday but improved noticeably by the end of the day. Some lenders sent out updated (better) rate sheets while others stood pat. Lenders whose rates increased today tended to come from the group that offered improvements Thursday afternoon. Long story short, there was a brief window of the week’s best rates for some lenders Thursday with everyone getting mostly back on the same page today.

Fortunately, that page is still a good one. While rates aren’t quite as low as they were earlier this week, they’re still much lower than they were earlier this month. 3.375% is still the most prevalent conventional 30yr fixed quotes on top tier scenarios. That’s the lowest stably-held rate of all time (there have been lower rates, but only for a few days here and there), even though the upfront costs are slightly higher than they were in early August. That’s splitting hairs though! The point is that, unless you’re examining day-to-day rate movement under a microscope, rates have been holding steady near all-time lows.

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

 

Bank Rate
Regions 3.526%
Wilson Bank & Trust 3.645%
Pinnacle 3.521%
Republic Bank 3.382%
First South 3.518%

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

* 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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