Mortgage Rates Battle Back From Recent Highs

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Posted To: Mortgage Rate Watch

Mortgage rates moved slightly lower to end the week after having risen to the highest levels of the month yesterday. That was part of a two day slide following Wednesday's FOMC announcement and an extension of weakness beginning with last Friday's Employment Situation Report. Conventional 30yr Fixed Best-Execution remains solidly at 3.375% and in some cases, eased back to 3.25% in certain scenarios. ( Read More:What is A Best-Execution Mortgage Rate? ) The pace of market movements today was incredibly subdued. Heading into today's trading session, there was some risk that bond markets had embarked on a path higher in rate, but tempered by the the hope that Thursday's scariest levels would mark some sort of turning point . Although there's never any way to know how things will move in the future...(read more)

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Source: www.mortgagenewsdaily.com

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