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Mortgage Rates Lowest in Nearly a Month

Posted To: Mortgage Rate Watch

Slow and steady wins the race, and mortgage rates have been making slow, steady progress back down from recent long-term highs seen at the end of March. Over that time, the average conventional 30yr fixed rate quote has fallen anywhere from .125 to 0.25% depending on the lender. That’s not a bad move over the course of 2 weeks and especially in an environment where lenders have every right to be defensive. After all, there have been numerous “false starts” for the sort of winning streak we’re currently enjoying. Beyond that, with rates so closely tied to covid and the economy , “higher rates in 2021” has been an easy thesis for market watchers. Anything that runs counter to that will need to bring a compelling explanation. It’s no surprise, then, to see the “pause” of the J&J vaccine in…(read more)

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