Mortgage Rates Hold Steady In Spite Of Improved Market Conditions

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Mortgage rates were all over the board on Wednesday in terms of their movements relative to each other and trading levels in the Secondary Mortgage Market. Some lenders were priced slightly weaker while a few were notably stronger, but none of them so far off from yesterday's rates as to suggest a change in the prevailing conventional best-execution rate of 3.375%. ( Read More:What is A Best-Execution Mortgage Rate? ). Typically, it's the prices of mortgage-backed-securities (MBS) that have the most influence on the day-to-day movements in interest rates and the costs associated with those rates (because it's less common for the actual quote interest rates to change on any given day, while it is almost always the case that the closing costs associated with that rate will be changing). And while...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

- For more real estate news visit our website at http://www.AzHomeHelp.com