All Is Calm Before the Big Announcement Tomorrow

Mortgage Rates remained at the same level for the 4th consecutive day despite some movement in MBS (the "mortgage-backed securities" that most directly affect rates). 4.625% remains the most prevalently quoted rate for ideal, conforming 30yr Fixed scenarios.  Some lenders are well-enough priced that 4.5% is available, but it should be noted that most lenders currently have big buy downs to move lower in rate right now (meaning it can cost nearly 1% of the loan amount to drop the rate by .125%).

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Call The Money Man - Rates & Trends