Mortgage Rates Fight For Small Weekly Improvement

Mortgage Rates continued higher to begin the week, but were able to find their footing in a big way on Thursday and Friday. It's not so much that rates moved sharply lower. Indeed, they are only barely better than last Friday's. Rather, it's that rates had quickly risen to critical levels--a crossroads, if you will--and were able to avoid heading up a darker path. This keeps the most prevalently-quoted conventional 30yr fixed rate at 3.625% for most lenders on top tier scenarios. It also keeps hope alive that these long-term lows will continue to be available for more than just a day or two. - Matt Graham, Chief of Operations, Mortgage News Daily

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