Mortgage Rates Slightly Higher After Mid-Day Volatility

Mortgage rates began the day in even better shape than yesterday, but market volatility prompted most lenders to raise rates in the afternoon. That leaves today’s rate sheets in just slightly weaker territory compared to yesterday, but still better than any other day of the year. The most prevalently quoted conforming 30yr fixed rate for best-case scenarios (best-execution) remains at least as low as 4.125%, with some lenders closer to 4.0%. Many borrowers will see today’s weakness in the form of higher closing costs vs yesterday. Expressed in terms of effective interest rates, the increase equates to 0.01%

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