From Mortgage News Daily, By Matthew Graham:
The most prevalently-quoted conforming 30yr fixed rate for top tier borrowers is now in transit between 3.875% and 3.75%.
Perhaps the most optimistic thing about being back at these rates is that it occurs in the post-QE era. While it's true that the Fed is still reinvesting plenty of dollars into MBS, it's not as if we'll be hanging on every Fed speaker's word, looking for clues as to the future course of asset purchases. We're not at risk of the same sort of major shock we saw in May 2013--at least not from our own Fed.