Mortgage Rates: Nearly Unchanged Today

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Posted To: Mortgage Rate Watch

Although costs inched slightly higher today, the overall picture of this week in mortgage rates was finalized today and it doesn't look too bad. In terms of costs, the secondary mortgage market is nearly one full percent higher than it was at the lowest points on Monday. The day was uneventful and not the most informative in terms of market-based events or volume. Losses looked more severe this morning, but by the end of the day, the secondary market had battled back to close out the week just slightly worse than yesterday's prices. CURRENT MARKET : The "Best Execution" conventional 30 year fixed mortgage rate is no longer split between 5.125% and 5.25%....it has fallen firmly to 5.125%. After today's gains, there's an opportunity at 4.875% for those who wish to buy...(read more)

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Source: www.mortgagenewsdaily.com

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