Thus far, June has brought the lowest rates yet with the market weakness and the expected drama from the Comey hearing, but this last week rose slightly higher as the drama fell flat.
“In general, rates found most of their motivation from the absence of significant drama in this week’s Comey hearing. Despite the modest increase, conventional 30yr fixed rates are still very close to their best levels of the year,” reports mortgagenewsdaily.com.
It is still among the lowest rates of the year sitting just above 4% at 4.01%. The overall average with lenders nationally has dropped to average between 3.875% and 4.00% on the 30 yr fixed mortgage.