Granted, we're not back to the sub-4% mortgage rates that dominated much of the past 8 years, but moving back in to the low 4% range is welcome news! Rate are holding near their lowest levels in well over a year and in fact had their biggest one week fall in over a decade. The net effect has been a decisive break lower with the average lender easily able to offer 4.375% on a typical 30yr fixed scenario. Many lenders are at 4.25%.
The rate drop comes just in time for the spr... read more