Mortgage Rates End Month In Line With Lowest Levels

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Posted To: Mortgage Rate Watch

Mortgage rates moved lower on Friday , ending the week and the month in line with their best levels in nearly two months. Today's improvements were moderate and the rates, while strong, are similar to other strong days since early October. The Best-Execution rate for 30yr Fixed, Conventional loans is easily 3.375% and for some scenarios, easily 3.25%, depending on the lender. Lower rates are available, but the costs to obtain them may not make sense for most. ( Read More:What is A Best-Execution Mortgage Rate? ) Markets were rather calm for a "month-end" Friday. Trading levels in the secondary mortgage market stayed relatively close to yesterday's best levels despite a bit more weakness in US Treasuries. There was little, if any reaction to the day's data and headlines. Next Friday is more...(read more)

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Source: www.mortgagenewsdaily.com

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