According to Mortgage News Daily (a really great site to monitor mortgage rate activity), mortgage rates neared all-time lows today. Mortgage rates have had some ups and downs this year, but generally they have trended downward. Here are some excerpts from MND's Mortgage Rate Watch:
Mortgage Rates continued their bounce back from abrupt weakness on Friday. The two days of gains so far this week bring rates back within striking distance of all-time lows ahead of several key events in the coming days. Markets have essentially shifted their focus to these events: the FOMC Announcement tomorrow and perhaps an even more important announcement from Europe's Central Bank on Thursday, followed by the important Employment Situation Report on Friday.
Today's BEST-EXECUTION Rates
- 30YR FIXED - 3.5%, Some Approaching 3.375%
- FHA/VA - 3.25-3.5% (varies more between lenders than conventional 30yr Fixed)
- 15 YEAR FIXED - 2.75 - 2.875%
- 5 YEAR ARMS - 2.625-3. 25% depending on the lender
If you have any questions about the Mortgage market in Houston or need assistance finding a great Houston mortgage lender, contact one of our experience agents at 713-869-5700 or email us at [email protected].