March 27th, 2019 2:09 PM by BILL WILBANKS
For those that haven't been paying attention of late, rates have been heading south this month thanks to various factors like last weeks Fed statement that they were done raising rates this year in all likelihood and the shaky world economic condition. In fact, in the last two weeks alone they've gone down by 0.25% to 0.375% depending on the option. The US10yr yield has fallen to 2.35% which we haven't seen in 14 months...yes 2017. Will they continue? Too early to say. But I actually quoted a customer a 95% LTV 30 year fixed rate this morning at 3.75% rate and APR with zero points and zero lender fees! Standard PMI would additionally be required and have an effect on the APR of course. Try to beat that one! Anybody?