Mortgage Rates Lower For 7th Straight Day; All-Time Lows Continue

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Posted To: Mortgage Rate Watch

Mortgage rates began moving lower last Thursday and since then have fallen every single day, crossing into new all-time lows in the process. Today simply continues that trend and makes for newer, slightly lower all-time lows. We began in neutral territory but market improvements throughout the day led several lenders to reprice for the better. Despite the overall gains, you might not see the same thing today, depending on your lender. This has to do with the roll-out of increased Guarantee Fees ( read more HERE ). Many lenders have already priced these increases into their rate sheets, but for instance Wells Fargo, the nation's largest mortgage lender, took their "G-Fee" hit today for lock timeframes of 30 days Even before the positive reprices in the afternoon, Best-Execution rates for 30yr...(read more)

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Source: www.mortgagenewsdaily.com

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