Mortgage Rates Drop Sharply!

Mortgage Rates Drop Sharply!

Rates Drop Sharply to Start The New Week The past 2 weeks were fairly rough for fans of low mortgage rates. The average lender moved higher at the fastest pace since February over that time. By the end of last week, the average lender was back above 7% for a top tier 30yr fixed scenario. While we're nowhere near the lower levels seen several weeks ago, the bond market was able to recover all of the losses seen on Thursday and Friday. This brings the average lender just under 7% for a top tier 30yr fixed scenario.

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