Mortgage Rates End Week At Best Levels, But Risks Persist

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Posted To: Mortgage Rate Watch

Mortgage rates continued a moderate trend of improvement from mid-week, bringing rates to their best levels of the week on Friday. All of the recent day-over-day changes in rates have taken place on quite a small scale historically as broader markets stay exceptionally contained ahead of the Fiscal Cliff deadline. Conventional 30yr Fixed Best-Execution rates are still widely viable at 3.375%, but 3 days of minor improvements brings 3.25% increasingly back into view. ( Read More:What is A Best-Execution Mortgage Rate? ) Despite the positive tone to end the week, markets and mortgage rates are still at risk for additional volatility related to the Fiscal Cliff. The House of Representatives will reconvene on Sunday Evening--something that likely wouldn't be happening unless they're trying to pass...(read more)

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Source: www.mortgagenewsdaily.com

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