May 1, 2013

Mortgage rates remain rangebound


By Marcie Geffner - Bankrate.com

Mortgage rates remained essentially unchanged this week, or "rangebound," to use a little mortgage industry-speak, as U.S. economic conditions continued to be stable, yet uninspiring.

The benchmark 30-year fixed-rate mortgage fell to 3.61% compared to 3.64% last week, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.32 discount and origination points. One year ago, that rate stood at 4.1%. Four weeks ago, it was 3.78%.

Read more: http://www.foxbusiness.com/personal-finance/2013/04/18/mortgage-rates-barely-fall-remain-rangebound/