Click on the link to view today's home purchase/refinance rates:
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Last Wednesday, the Federal Reserve announced a 25-basis-point rate cut and committed to large-scale purchases of U.S. Treasuries—both positive signals for mortgage rates.
However, mortgage rates unexpectedly moved higher last Friday, reaching a recent high. The good news is that rates pulled back this morning, returning to roughly the same level as last Monday.
A friendly reminder:
The 45 bps Hybrid / Virtual Closing credit is set to expire on December 31. Borrowers who wish to take advantage of this incentive are encouraged to lock their rate before the deadline.
In addition, for primary residence refinances that qualify for TRAC+:
✔ Receive the 45 bps closing credit, and
✔ An additional $500 credit, which can be applied toward closing costs or to further reduce the rate.
Please note: The rate quotes include 45 bps closing incentive.
