Mortgage Rates: Best Execution 30-Year Fixed Jumps to 5.00%

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Posted To: Mortgage Rate Watch

I hope you like broken records! Because in that department we can deliver! It's not a delivery we're happy about but think the repetition will at least serve to add EMPHASIS to the point we hope to have made over the past 20 days or so.... VOLATILITY REIGNS SUPREME! FIND A LIVEABLE RATE AND FEE STRUCTURE, AND GET OUT NOW! The above "getting out" certainly refers to anyone floating on a late December/early January timeline. Only a month ago, best execution 30 year fixed mortgage rates were holding between 4.25% and 4.75%. Heck 4.75% was available on Monday morning! But in the past 24 hours, that all changed. The best execution 30yr fixed rate blew through 4.875 and now sits firmly at 5.00%! Yes we feel this is overdone and rates will probably decline in the future, but it will probably play...(read more)

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Source: www.mortgagenewsdaily.com

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