Weekly interest rates on single-family loans moved higher, with 15-year rates taking the biggest hit. The spread between adjustable and fixed rates has recently thinned, pushing more borrowers into fixed rates.
Mortgage borrowers who have the best profiles were offered annual percentage rates of 3.75 percent during November for 30-year fixed-rate loans used to finance home purchases.
That turned out to be the same APR that borrowers with the same profiles were offered by home lenders during the preceding month.
Source: Mortgage Daily
