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September 8th, 2008

Here’s a sample of lender rates…



In light of the big rate drop we saw just today, we thought we’d direct your attention to this sample of current mortgage rate quotes from our editorial survey.

This isn’t advertising; they’re rate quotes from real, live loan officers.

If you’re shopping for a mortgage and have been on the fence waiting for rates to fall, we suggest that this is the time.  Today saw conforming rates drop to just over 6%; that may stick around, or it may not. This market is all about volatility, and no one can predict where rates will go over the next week, or ten.

So if you’re in a mortgage-shopping mode,  we would advise you to pull the trigger fairly soon. Sure, you might miss out on a further drop… 
or you might miss out altogether.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

Our bloggers:

Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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