Mortgage Blog

The interest rate went slightly up

April 2nd, 2015 9:12 AM by Eric Fang

I think I was lucky enough. I had a few loans floated for about one month, and I got them locked yesterday. It included the 15 yr fixed 2.875%, 10 yr fixed 2.75%, 15 yr fixed 3% for High Balance loan. I felt great. And when I checked today's rate, I can get 3.625% rate for high balance even when the LTV is over 60%.

I know I am busier when the rate is low. And I would have to squeeze the time for my running. I did a 11 mile run Tuesday, and will have another 12 miles today. Sometimes, I like to go out running in the morning when the weather is so nice now.

Here is the info about today's rates I copied from online:

Mortgage Rates bounce higher today on average.  Some lenders remained close to unchanged, but they generally were the same lenders that hadn't improved as much by the end of the day yesterday.  In the bigger picture, today's weakness in rates is a minor correction in a longer-term trend toward lower rates.  Case in point, yesterday afternoon's rates were near 2-month lows, and with the exception of several weeks earlier this year, current rates are the lowest in nearly 2 years.

Some lenders are still offering conventional 30yr fixed rates of 3.625% on top tier scenarios, but the average lender is back to 3.75% today.

Posted in:General
Posted by Eric Fang on April 2nd, 2015 9:12 AM



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