Mortgage Rates Vary By Lender, Moderately Lower On Average

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Posted To: Mortgage Rate Watch

Mortgage rates once again saw a greater-than-normal degree of stratification between lenders, meaning that some of them offered lower rates today while others moved their rate sheets higher. This is partly due to the relative mess that the Thanksgiving holiday makes of US markets every year. Because Friday was only a half day (for markets, officially) and because Thursday is a full market closure, many lenders simply choose to stay closed on Friday and thus, do not put out rate sheets. Those that did, may have done so more conservatively than they otherwise would. On a final note, different lenders had different approaches leading up to the 4 day weekend, thus making for quite the variety of rate sheets between then and now. Whatever the case, rates are moderately lower when averaged among...(read more)

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Source: www.mortgagenewsdaily.com

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