This weeks 20 second mortgage brief:

According to the MBA, The average interest rate for conforming, 30-year fixed-rate mortgages decreased slightly to 4.78 percent from 4.81 percent last week, with points increasing to 0.46 from 0.42 for 80 percent loan-to-value ratio (LTV) loans.

The big news right now is that Morgan Financial is giving all borrowers a $1000 lender credit on all loan applications made with Morgan Financial from now until September 17th 2018. So please, tell everyone you know that Morgan Financial can save them money on their loan. Please go to our website for details and click on the back to school link. See you next week!