Mortgage Rate Update
For the third consecutive week, mortgage rates have fallen. They're now within a hair's breadth of a 15-month low.
Average mortgage rates drifted down again last week, returning (after a freak rise a couple of weeks ago) to the narrow band within which they've been contained since May.
The most important mortgage rates edged down slightly this week, staying at attractive levels for both home buyers and those looking to refinance.
Average rates for 30-year fixed-rate mortgages have jumped 13 basis points (0.13 percent) over the last two weeks. Is this the start of the long-term trend upward that many have been predicting?
After months on end with virtually no movement in mortgage rates, there is finally the tiniest bit of excitement. But you'll hardly notice your adrenaline pumping -- the last time they were this high was all of five weeks ago.
Previously on Mortgage Rate Update
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