Mortgage Rates Lowest In Three Weeks Ahead Of Election

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

While some of the improvement came in the form of late day reprices on Friday, mortgage rates are appreciably lower to begin the week. Movement varied this morning with some lenders holding fairly steady while others improved at much quicker paces. Regardless of the stratification, the net effect is a Conventional 30yr Fixed Best-Execution rate that is firmly at 3.375%. The closing costs associated with 3.375% are the lowest they've been since mid October for most lenders. ( Read More:What is A Best-Execution Mortgage Rate? ). Friday's Employment Report garnered a paradoxical reaction in markets. Typically, a stronger-than-expected level of job creation leads to strength in stocks and rising rates in Fixed-Income securities like Treasuries and MBS (the "mortgage-backed-securities" that most...(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