Amid Political Uncertainty, Mortgage Rates Virtually Unchanged

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Posted To: Mortgage Rate Watch

Mortgage rates were virtually unchanged on Thursday, continuing to operate in slightly better territory than the multi-month highs seen on Tuesday. That said, a combination of uncertainty in markets and varying approaches to year-end pricing strategies (or necessities) has been leading to bigger divergences in rate offerings between lenders. With today being mostly flat overall, that means that some lenders moved higher with others moving lower. 3.375% Continues to be the most prevalent Best-Execution level for 30yr fixed, conventional loans. ( Read More:What is A Best-Execution Mortgage Rate? ) The market movements that underpin the day to day changes in mortgage rates generally conveyed a sense of uncertainty and waiting as the busiest morning of economic reports failed to inspire momentum...(read more)

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Source: www.mortgagenewsdaily.com

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