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Are mortgage rates really under 4%
June 6, 2019
Are mortgage rates really under 4% today for a 30-year fixed? Well, yes and no.
There is more to mortgage rates than meets the eye.
Rates were mixed today, with some lenders holding steady while others offered mid-day improvements in response to strong performance in the bond market. In either case, today’s loan quotes are likely to be as good as they’ve been since the first few weeks in 2018. But are they under 4.00%? That’s the claim being made by more than a few news stories out there. Let’s take a look at the underlying facts.
Read the full report here on rates, rate advertising, and more
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Equal Housing Lender, Cambria Mortgage NMLS# 322798. The Joe Metzler team at Cambria Mortgage lends in: Minnesota, Wisconsin, Iowa, North Dakota, South Dakota, and Florida only. This is not an offer to lend or to extend credit, nor is this a guaranty of loan approval or commitment to lend. Information here can become out of date, and may no longer be accurate. Products and interest rates are subject to change at any time due to changing market conditions. Not all programs available in all states. Actual rates available to you may vary based upon a number of factors. Consumers must independently verify the accuracy and currency of available mortgage programs. All loan approvals are subject to the borrower(s) satisfying all underwriting guidelines and loan approval conditions and providing an acceptable property, appraisal and title report. © 1998 - 2023, Joe Metzler, NMLS 274132. Cambria Mortgage NMLS 322798