Mortgage Rates: High Risk Event Behind Us. Borrowing Costs Improve

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Posted To: Mortgage Rate Watch

Mortgage rates were generally slightly improved today versus Friday today. The employment data that has been so prevalent in our discussions of late has come and gone. For those who either did not or could not lock in their loan pricing before then, potentially painful bullets have been dodged. Now that Monday has also come and gone and changed very little about Friday's improvements, we get the sense that the market is starting this new monthly cycle approximately where it wants to be. That statement felt doubly true today as the market moved very little thus providing lenders with little guidance as to passing on improvements in rate sheets. Despite the indecisive day in the markets, by day's end, the gains were enough for several lenders to offer improved pricing over Friday. It's important...(read more)

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Source: www.mortgagenewsdaily.com

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