Mortgage rates staying low

Mortgage rates locked down / fixed concept

By Matthew Graham | Mortgage News Daily

Mortgage Rates were lower again Monday, marking the 4th straight day of improvements and the 8th day without a meaningful increase. This brings the average lender back in line with levels seen on September 7th. Before that, you’d have to go back at least to early August to see anything lower.

Admittedly, the “lowest rates since early August” sounds a lot more exciting than it actually is.   The overall range of rates during that time continues to be exceptionally narrow. For most lenders conventional 30yr fixed quotes never went above 3.5% during that time, and never went lower than 3.375% on top tier scenarios.

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