Lowest Rates In More Than A Month | Mortgage Rates

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Lowest Rates In More Than A Month

Lowest Rates in More Than a Month Mortgage rates have generally been moving lower for more than 2 weeks now. Today's gains were enough to bring them to their best levels in just over a month. That means the actual note rate will be 0.25% lower for some scenarios and 0.375% lower for others (note: this will not apply to every scenario at every lender. Whether or not we've found a ceiling remains to be seen. The second caveat may be important there and it's this: the rate rally has certainly benefited from steep declines in the stock market. If rates can remain near current levels even after stocks find their own place to bounce, it would be more reassuring for the big-picture trend.

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