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Mortgage Rates Mostly Steady And Still Very Low

Friday, July 10, 2020   /   by Erik Bjorklund

Mortgage Rates Mostly Steady And Still Very Low

It seems almost melodramatic to refer to any modest increase in mortgage rates these days.  If we were to go over each lender's rate sheet with a fine tooth comb today, indeed we'd likely find the average is just microscopically higher.  But higher from WHERE?  With the very best scenarios seeing 30yr fixed rate quotes of 3.0% or below, it's hard to spend too much time lamenting any modest day-over-day increases.


Beyond that, most of the recent movement has been very small--too small to measure in terms of changes in the actual interest rate you'd be quoted.  Instead, there could simply be a minor adjustment in the upfront costs (origination, discount, or lender credit toward closing costs, depending on the scenario).

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Fidelity Home Group | Mortgage News | Mortgage Rates
eXp Realty
Tony Fuentes
1999 W. Colonial Dr
Orlando, FL 32804
407-288-5182

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