Mortgage Rates Move Higher But Remain Within Recent Range

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Posted To: Mortgage Rate Watch

Mortgage rates were higher to start the holiday-shortened week . Despite the deterioration, rates remain broadly consistent with a range that's been in effect for over a month. That range has seen few instances of deviation from 3.375% as a best-execution rate though some of the stronger days allow for certain scenarios at certain lenders to be competitively priced at 3.25%. Today's weakness means that 3.375% is the most prevalent Best-Execution rate for 30yr Fixed, Conventional Loans. ( Read More:What is A Best-Execution Mortgage Rate? ) US markets will be closed on Thursday for the Thanksgiving Holiday and will only be open half the day on Friday. While all mortgage lenders will be closed on Thursday, some will also remain closed on Friday. If you're considering locking a loan this week,...(read more)

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Source: www.mortgagenewsdaily.com

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