Mortgage Rates All Over The Board Heading Into Holiday Break

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Posted To: Mortgage Rate Watch

Mortgage rates were all over the board today with some lenders improving noticeably and others pricing significantly weaker versus yesterday's marks. Much of this stratification has to do with late weakness on Tuesday which prompted many lenders to release negatively revised rate sheets near the end of the day. Perhaps equally important is the fact that lender pricing strategies can simply vary on days leading up to holiday closures. The net effect of the inconsistent movement turned out to leave rates relatively unchanged from yesterday's at most lenders (some big exceptions here though). Closing costs may have moved slightly in either direction, but Best-Execution for 30yr Fixed Conventional Loans remained at 3.375%. ( Read More:What is A Best-Execution Mortgage Rate? ) As for today's events...(read more)

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Source: www.mortgagenewsdaily.com

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