Mortgage Rates Hold Ground After Rising On Friday

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Posted To: Mortgage Rate Watch

Mortgage rates are very slightly lower today compared to Friday's latest offerings. However, Friday's rates were the highest of the week after the stronger-than-expected jobs report gave a boost to stocks and did some damage to bond markets. With rates able to hold their ground today, Best-Execution rates for 30yr Fixed, Conventional loans remain in transit between 3.375% and 3.25% depending on the lender and scenario. ( Read More:What is A Best-Execution Mortgage Rate? ) Markets started the week off at a leisurely pace without much movement in stocks or bonds relative to Friday's range. There was no relevant economic data to motivate market movements and only a few headlines regarding the Fiscal Cliff that seemed to catch anyone's attention. In general, markets are waiting for more important...(read more)

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Source: www.mortgagenewsdaily.com

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