Interest rates Cheaper Today, Yet Greater than a Week Ago

Mortgage Interest Rates managed to make modest gains today, moving just slightly lower for the average lender. That's a welcome development after 10 straight days of higher rates, but it's more of a symbolic victory for now. Reason being: many lenders are quoting the exact same rates as yesterday, with improvements limited to small adjustments in upfront costs. In plain English, interest rates are lower on average, but by such a small amount that the average borrower won't notice a change. 3.625% continues as the most common quote on top tier scenarios, up from 3.375% just Two weeks ago. See details here