Lenders are still swamped with getting to many refinances closed and with today being the end of the month, some residential closings are being delayed. Rates have been higher in the past few weeks, but today they are looking a little better. And always remember that rates below 6% are historically low and excellent for fixed rate mortgages. Here is a sample of today's interest rates from local lenders and as always on the b-town Report rates are for 30 year fixed rate conventional mortgages for folks with really great credit scores:
- Fifth Third Bank (www.53.c0m): 5.125%
- Monroe Bank (www.monroebank.com): 5.25%
- Regions (www.regions.com): 5.50%
- United Commerce Bank (www.unitedcommercebank.com): 5.375%
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