Mortgage Rates Begin The Week In Slightly Better Territory

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Posted To: Mortgage Rate Watch

Mortgage rates moved gently lower to begin the week (and month), ending a two day run toward higher rates on Thursday and Friday. Trading levels in the secondary mortgage market began the day in the same territory as Friday afternoon and gradually improved throughout the day. Best-Execution for 30yr Fixed Conventional Loans remains at 3.25% for the aggressive lenders and still struggling to move lower from 3.375% among more conservatively priced lenders. ( Read More:What is A Best-Execution Mortgage Rate? ) As we move into October, there are a few big considerations on our radar. An extremely important even at the beginning of every month is the official Employment Situation Report. That will be coming up this Friday, and it coincides with the other big consideration: past precedent. Over the...(read more)

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Source: www.mortgagenewsdaily.com

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