Friday, July 10, 2020 / by Erik Bjorklund
Mortgage rates were unchanged today for the average lender. That means they remain at all-time lows that are even lower than the all-time lows seen during the previous 3 business days. Even so, today's underlying market movement might be a bit of a wake-up call for anyone waiting to lock an interest rate.
In general, the decision to lock or float a mortgage rate has had low consequences recently. While that will likely continue to be the case until the coronavirus situation meaningfully improves, it doesn't mean we should fall asleep at the wheel. We need to remain vigilant for signs that the most recent all-time low mortgage rates are the last we'll see for months or years....(read more) Fidelity Home Group | Mortgage News | Mortgage Rates