Mortgage Rates – October 6th, 2014

Mortgage Rates Near 3-Week Lows

Mortgage rates continued lower today at an exceptionally strong pace. The most prevalently-quoted conforming 30yr fixed rate for the very best scenarios has moved quickly from being worryingly close to 4.375% to being excitingly close to 4.0%. Officially, we’re easily near the lower end of 4.125%, meaning that this is the most prevalent rate for the strongest borrowers and that the closing costs associated with that rate today are about as low as they get before 4.0% begins taking over.

Article Written by MATTHEW GRAHAM

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