Mortgage Rates Fall Back to Recent Lows
Mortgage Rates recovered today after moving higher for the first time in nearly 2 weeks Yesterday. In the bigger picture, rates have been in a back-and-forth pattern near long-term Lows. Most of October and early November were spent with rates moving higher in that Pattern after late September marked a surge lower. While we wouldn't call the past few Weeks a "surge" per se, they've at least been moving in the right direction.
Not so sure there is any benefit to floating right now. I typically do not favor locking on a Friday, but i really don't see any reason for rates to improve unless the trade wars pick Up...which is possible. Most clients are favoring to lock once within 30 days. -Victor Burek, Churchill Mortgage