November 22, 2024 12:50 pm
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Mortgage rates edge down to July lows

mortgage rates downBy Matthew Graham | Mortgage News Daily

Mortgage rates moved just barely lower Friday, bringing them in lines with the lowest levels of the month.  In this case, when we talk about “the lowest levels of the month,” it means that closing costs are as low as they’ve been for the same rates that have been available for the past several days.

In other words, 4.125% is still the most prevalently quoted conforming 30-yr fixed rate for top tier borrowers, but the closing costs associated with that rate are just a bit lower Friday vs Thursday.  4.25% remains fairly prevalent as well, depending on the lender and scenario.

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