From yesterday's most prevalent conventional 30yr fixed quote of 3.625%, we're now easily down to 3.5% for most lenders. A few of the most aggressive lenders are already down to 3.375% on top tier scenarios. Back in 2012, 3.375% was the lowest rate that was maintained for more than a few days, although there were a few windows of opportunity for 3.25% and 3.125%. Considering some of the higher costs associated with today's mortgages (government guarantee fees and servicing costs), we're effectively back in line with all-time lows.Here is a table from Mortgage News Daily:
emphasis added
from
http://feedproxy.google.com/~r/CalculatedRisk/~3/ROL0LVv4mV8/mortgage-rates-near-record-lows.html
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