Rates are actually lower today and significantly lower than last week. In fact, as long as they’re still ending the business week on Fridays, this week’s rates are significantly lower, with the average lender offering conventional 30yr fixed rates about a quarter of a point below those seen on Friday afternoon.
You’d have to go all the way back to April 27th to see anything as low.
…
The average lender is now quoting conventional 30yr fixed rates in the at 5.375% or lower for top tier scenarios. This is down from 5.625% at the recent highs just a few days ago.
Click on graph for larger image.
This is a graph from Mortgage News Daily (MND) showing 30-year fixed rates from three sources (MND, MBA, Freddie Mac) since the beginning of 2021.