Mortgage Rates Moving Closer to 5%
Yesterday, a large mortgage lender shared their rate sheet with me that showed that they were quoting 30-year mortgages at 5.00% with zero points. There are other lenders with lower rates.
Mortgage News Daily reports that the most prevalent 30-year fixed rate is now at 4.66% for top tier scenarios. Matthew Graham at Mortgage News Daily wrote yesterday:
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