30-yr Fixed Rate is at 4.125%* this week.
After sitting at 4.25% for close to 2 months, rates dropped a bit this morning after several days of losses in the stock market. Strong job reports will give them upward pressure, however.
*This is closest “par” rate for a conventional 30-yr mortgage. It assumes very good credit, sufficient equity, and the absence of other negative risk factors (e.g. property use, cash-out or not, loan amount, etc.). Different mortgage types (such as FHA and VA) and specific risk factors will affect interest rates.
