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NO FOOLIN’:
I’ll never knowingly mislead you (but I’m often wrong). Here’s one thing I’m confident in saying: Rates are dropping today, maybe enough to notice. Here’s something I’m not confident in saying, but I’ll say it anyway: With today’s dip in rates, this might be a good time to lock. Discuss it with your lender.
Freddie Mac’s required net yields, which are the rates that the financing giant requires on purchased mortgages, are down, too.
From today’s Mortgage News:
Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its low for the year. Mortgage company Freddie Mac says the nationwide average for a 30-year mortgage fell to near record lows
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