Mortgage Rates Are at Their Lowest Point in a Month

401(K) 2013 / Foter / Creative Commons Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0)

Last week saw mortgage rates falling to their lowest levels in a month at a quite fast pace. This was due to better rate sheets presented by lenders.

The 30-year fixed rate moved between 4.375% and 4.5%, but then stabilized around 4.375% and even fell to 4.25%. As for the 15-year fixed rate, it was at 3.375%. The 5-year ARMS rate was between 3% and 3.5%, varying between lenders.

Mortgage rates remain quite unpredictable, so it’s difficult to make specific forecasts on risks and gains. Loan originators mostly have a positive outlook on the situation. They see it as a great opportunity for consumers. According to them, the current floating presents a good chance to get high rewards with low risks.

Read the full article at Mortgage News Daily.

Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.

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