The average conforming 30-year fixed rate lately has moved to the lowest levels since early February for most lenders. Mortgage Daily News reported the rate at 6.38 on Friday.
"In nuts-and-bolts terms, that's a drop of more than half a percent," according to Mortgage Daily News.
The drop came in the middle of last week with Wednesday accounting for a much larger portion of the improvement as lenders continued updating their offerings in response to Wednesday afternoon's bond market movement – courtesy of the Fed).
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