The last few weeks it’s felt like mortgage rates were on a roller coaster at a summer carnival (before social distancing, of course).
They went up for a few weeks after lenders were blindsided by a new fee on refinance loans, but now rates are potentially closing in on new all-time lows, a weekly survey shows.
today’s deeply cheap mortgage rates, which can save them hundreds of dollars a month when they refinance.” data-reactid=”34″ type=”text”>Lenders had jacked up their mortgage rates in response to the new surcharge, but the fee was just delayed — and rates have been pulled back. Homeowners have been given more time to take advantage of today’s deeply cheap mortgage rates, which can save them hundreds of dollars a month when they refinance.
Fee reversal puts mortgage rates near record territory