Mortgage Rates Hold Steady. 4.875% Still Best Execution

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Posted To: Mortgage Rate Watch

Although our directional guidance givers, benchmark Treasury yields, moved higher today, mortgage rates ended the session in a slightly lower position than yesterday. Unfortunately these modest improvements were not much help in lowering the best execution 30 year fixed mortgage rate. The best execution conventional 30-year fixed mortgage rate is still 4.875% and the best execution FHA 30 year fixed is still 4.75%. Important Mortgage Rate Disclaimer: Loan originators will only be able to offer these rates on agency conforming loan amounts to very well qualified borrowers who are have a middle FICO score over 740 and enough equity in their home to qualify for a refinance or a large enough savings to cover their down payment and closing costs. If the terms of your loan trigger any risk-based...(read more)

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Source: www.mortgagenewsdaily.com

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