Mortgage ratesÃ‚Â moved higherÃ‚Â today, bringing them back into the range that’s dominated the second half of the month. Ã‚Â That means the average lender is fairly close to the highest rates in more than 2 years, officially seen on December 15th. Ã‚Â There hasn’t been much movement since then, which is not uncommon during the winter holiday season.
As for the contract rates, themselves, 4.375% remains the most prevalent conventional 30yr fixed quote for top tier scenarios. Ã‚Â Several lenders still up at 4.5% and a few are down at 4.25%. Barring the unforeseen, lenders will have little incentive to make meaningful adjustments to rates between now and the end of the year, thus decreasing the risk and reward associated with a “lock vs float” decision. Ã‚Â