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Biggest 2-Day Rate Drop in a Long Time as 30yr Surges Back Under 4.0%
Jeannette Thompson
Published 5 months ago
First thing's first. We need to get some caveats out of the way. The following should always
be assumed when reading mortgage rate coverage, but I like to include a reminder on the
occasions where massive movement and specific levels are discussed.
*Different lenders adjustrates at different paces. Some have yet to catch up with the
average. Others may be ahead of average.
*If we're talking about 30yr fixed rates under 4.0%, it's a reference to an ideal scenario
without price adjustments for things like credit score, loan purpose, property type,
cash-out, etc.
Continue this read in the above PDF.
be assumed when reading mortgage rate coverage, but I like to include a reminder on the
occasions where massive movement and specific levels are discussed.
*Different lenders adjustrates at different paces. Some have yet to catch up with the
average. Others may be ahead of average.
*If we're talking about 30yr fixed rates under 4.0%, it's a reference to an ideal scenario
without price adjustments for things like credit score, loan purpose, property type,
cash-out, etc.
Continue this read in the above PDF.
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Why Were Not Headed for a Housing Crash
National Rate Averages
Conf. 30Y Fixed
5.42%
0.023
FHA 30Y Fixed
5.333%
0.005
Jumbo 30Y Fixed
5.163%
-0.169
Rate averages are calculated from actual locked rates. Learn more.
