Mortgage rates bounced higher Wednesday, moving all the way back to the highest levels since early February. While that sounds quite dramatic, the same could have been said for Monday, not to mention the fact that the overall range remains quite narrow in the bigger picture. The average lender continues quoting conventional 30yr fixed rates of 3.75% on top tier scenarios. Several of the more aggressive lenders joined that crowd after having inched down to 3.625% yesterday.
First Community Mortgage of Franklin reports that the current rate for a 30 year fixed mortgage is up .02% from last week.
Some of the latest, local mortgage rates according to Bankrate.com are:
|Wilson Bank & Trust||3.895%|
|Pinnacle National Bank||3.897%|
* 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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