Mortgage Rates Back to 3.5% for Some.

By Matthew Graham

Posted To: Mortgage Rate Watch

If you have a truly ideal credit profile and loan scenario, a few of the more aggressive lenders are quoting conforming, 30yr fixed mortgage rates at 3.5% today. Almost all other lenders are only an eighth of a point higher at 3.625% for top tier scenarios. This is a rate landscape that hasn’t been seen since early May 2013. There’s still quite a bit of ground to cover between here and the 3.125%-3.25% rates seen at the end of September 2012, but for all intents and purposes, 3.5%-3.625% was the upper end of the refi boom golden age from mid 2012 to mid 2013. Today finally brought meaningful market events into the mix whereas the first two days of the week lacked inspiration. As you might guess, that inspiration was positive for rates. Retail Sales data came in much weaker than expected. This…(read more)

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