Mortgage ratesÃ‚Â fellÃ‚Â today, in many cases to levels not seen in well over a month. Ã‚Â The average lender was just a hair better than last Thursday, meaning you’d have to go back to November 17th to see anything better.
4.125% is still the most prevalent conventional 30yr fixed rate on top tier scenarios, with today’s improvements seen in the form of upfront costs. Ã‚Â In other words, “effective rates” (which take closing costs into consideration) are lower while “note rates” (which is just the rate applied to your mortgage balance) are generally unchanged. Ã‚Â