Rates Impacting ApplicationsBy
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $424,100 or less decreased to 4.19% from 4.20%, with points increasing to 0.40 from 0.34, including the origination fee, for 80% loan-to-value ratio loans. The rate stood at 4.27% one year ago. Mortgage rates have not been moving much for the past two months, but they are now becoming slightly more volatile. Read the complete NBC article.