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- Mortgage Rates 📢 November 4th, 2024
Mortgage Rates 📢 November 4th, 2024
Mortgage Rates HOLD ↔️ Markets calm before massive week.
Glenn Groves
November 04, 2024
INTEREST RATES
Product | Rate / APR | Weekly Change |
|---|---|---|
↔️ Conv. | 6.999% / 7.005% | +000% |
↔️ Conv. HB | 7.125% / 7.136% | +.000% |
⬆️ JUMBO | 7.125% / 7.134% | +.125% |
⬇️ FHA 3.5% DP | 6.000% / 6.924% | -.250% |
↔️ VA 0% DP | 6.125% / 6.342% | +.000% |
Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org
Rates: Rates have stopped their march upward. It’s the calm before the storm. Election tomorrow, and the Fed meeting Thursday. Reminder: Fed Funds rate cuts are NOT mortgage rate cuts!
Bottom Line: Get ready for volatility. We don't know how the market will react to either candidate's declared victory.
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