Mortgage Rates Edge Slightly Lower Ahead Of Employment Reports

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Posted To: Mortgage Rate Watch

Mortgage rates moved gently lower on Tuesday amid relatively calm market conditions. There was little if anything for markets to digest in the first place today, though that will change in the last 3 days of the week. For now, it leaves rates very close to all-time lows with Best-Execution still 3.25-3.375%. ( Read More:What is A Best-Execution Mortgage Rate? ) With little changing in terms of rates or even the news affecting rates, yesterday's commentary is worth a read if you didn't catch it ( read it here! ). The important part is this: Friday's jobs data is big deal on any month, but with the past three Octobers being particularly nasty for mortgage rates, it warrants a somewhat higher degree of defensiveness ahead of time. In other words, just be prepared for rates to move higher if the...(read more)

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Source: www.mortgagenewsdaily.com

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