Mortgage Rates: Range Holds. Flight to Safety Needed

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Just like the first three weeks of the month, the last week was all about the range in the primary mortgage market. If you're a first time reader and have no clue what we're talking about... Mortgage rates have barely budged since mid-December. The only real variable in loan pricing scenarios has been the closing costs associated with Best Execution mortgage rates. Otherwise...2011 has been a sideways saunter for fence-sitting rate watchers. We thought that might change last week, but it didn't. Home loan borrowing costs barely budged, again . The rates range did not break. From that perspective, even though we are encouraged about the prospects for a move lower, all we can do is defensively "wait and see" what happens in the month ahead. The comfy confines of the range are still shrinking...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: www.mortgagenewsdaily.com

- For more real estate news visit our website at http://www.AzHomeHelp.com