Mortgage News

Mortgage Rates Bounce Back Near All-Time Lows

June 22nd, 2012

Mortgage Rates fell today as European markets, and to a lesser extent, domestic economic data, dragged bond market interest rates lower.  Rates were generally higher yesterday following the FOMC Announcement, but today's improvements in the mortgage sector bring rates very near their all-time lows.  Some lenders' rate sheets are equivalent to Monday's while others are not quite there yet.  In either case, the actual interest rate quoted is likely to be the same between today and Monday with only small variations in closing costs (or credit, depending on your scenario).  Best-Execution remains at 3.625% for Conventional 30yr Fixed Loans.

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By Matthew Graham, Mortgage News Daily, June 21, 2012