Mortgage Rates Moderately Improved, Back To Recent Lows

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Posted To: Mortgage Rate Watch

Mortgage rates continued yesterday afternoon's positive momentum , moving back to their best recent levels. In fact, rates were fairly close to those levels by the end of yesterday's session. So even though they're technically back to their recent lows, the day-over-day change in a rate quote at any given lender might hard to notice. Best-Execution for 30yr Fixed Conventional Loans remains at 3.375% but at these lows, 3.25% is increasingly viable depending on the lender and scenario. ( Read More:What is A Best-Execution Mortgage Rate? ) The underlying financial markets were aggressively silent today, including the mortgage-backed-securities (MBS) that most directly influence lenders' rate sheet offerings. Stocks and Treasury yields have fallen for the past two days, but exuded more of a " bottoming...(read more)

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Source: www.mortgagenewsdaily.com

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