Despite some ups and downs, mortgage rates remain low in October

Norhill Realty October 31, 2012

Mortgage markets have been pretty volatile over the past month. According to Mortgage News Daily, Mortgage Rates had risen from a “Best execution rate” of 3.25% on at 30-year fixed rate mortgage to 3.5% by the middle of October. Prior to the storm, rates fell to ranges equal to those in late September but have now jumped back up to 3.375%.  Still a great rate by any measure.

Read the latest mortgage market update at Mortgage News Daily. Or check out their up to date chart below for the latest mortgage rate averages and trends.

If you have any questions about the Mortgage market in Houston or need assistance finding a great Houston mortgage lender, feel free to give us a call at 713-869-5700, contact me directly (information below), or click the chat button above to talk to someone directly.

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