Mortgage Rates Lowest in Just Over a Month

Matthew Graham, “Mortgage Rates Lowest in Just Over a Month” August 3, 2017

Mortgage rates moved just slightly lower today, bringing them to the best levels in over a month for the 2nd time this week.  While that sounds somewhat impressive, day-over-day movement has been very small and the overall range has been very narrow during that time.  For most prospective borrowers, a scenario quoted last week would be at the same rate this week, but with lower upfront costs.  Indeed, it’s possible that a few quotes have moved .125% lower over that time, but upfront costs would likely be somewhat higher.

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