Is this the end of falling rates?
Source: Informa Research Services
While mortgage rates have been falling for many months, this week saw a slightly different trend.  This week, the national average rate on 30 year fixed rate mortgages rose 8 basis points, jumping from 4.13% last week to its current position at 4.21%, according to Informa Research Services’ Interest Rate Review.
Despite this small, but notable movement, rates are still low, especially in the historical scope. Â This average this week (4.21%) remains 55 basis points lower than where it was just six months ago.
No matter what rate trend is currently at play, the best way to stay up-to-date on what rates lenders are currently offering is to check online rate tables regularly.  Simple and free to use, there’s no reason to not use this helpful resource.
These tables use absolutely no personal information, and they are updated multiple times a day, so the information they present is more accurate than other rate sources that only update once a day. Â Furthermore, the lenders featured on these tables offer rates significantly below the national average on a regular basis.
Once you do your initial search, these tables present you with a direct link to the lender so you can get in contact with them at your own convenience. Â When contacting lenders, you can find out if the rate is still being offered and ask other questions you may have about the loan.
