Thirty-year mortgage rates moved lower this past week and this past month. Short- and long-term forecasts have little movement ahead for mortgage rates.
Ellie Mae Inc.’s Origination Insight Report | September 2018 indicated that average 30-year note rates on single-family loans closed last month were 4.91 percent.
A 1-basis-point decline was recorded versus August. But compared to the same month one year previous, average 30-year rates have soared by 70 BPS.
Source: Mortgage Daily