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Mortgage Rates as of August 28, 2012

Mortgage rates moved moderately lower today in most cases. Although the drop wasn’t fast-paced or abrupt, the recent range of rates has been extremely narrow. As such, a merely “medium-sized” move has carried rates just barely beyond their best levels of the past two weeks which are also the best levels since the first few days of the month. The gains aren’t sufficient for a change in the Conventional 30yr Fixed Best-Execution rate, which continues at 3.5%. That said, different lenders continue to fall an eighth on either side of that depending on the scenario. Click here to Read More…

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