Mortgage Rates: Once Again Storing Energy

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

After drifting progressively higher for seven straight sessions, we've finally seen some stabilization and even modest improvements in home loan borrowing costs. We were hoping the release of the Employment Situation Report on Friday might provide the market with a new directional bias, but after a volatile week the only thing confirmed is more indecision and uncertainty. Mortgage rates are essentially trendless with an equal chance at moving higher or lower. Previously we'd mentioned "teetering on a shift..." Little has changed. CURRENT MARKET : The "Best Execution" conventional 30-year fixed mortgage rate is still 4.875%. For those looking to permanently buy down their rate to 4.75%, this quote carries higher closing costs. The upfront fee to permanently buy down your rate to 4.75% is not...(read more)

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Source: www.mortgagenewsdaily.com

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