Mortgage Rates Mostly Unchanged, Markets Mostly Silent

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Posted To: Mortgage Rate Watch

Mortgage rates remained essentially unchanged this week as markets are essentially still closed for the Christmas holiday. Technically, financial markets are open for business today, but the amount of business actually being conducted is extraordinarily small. What little movement we've seen has been at least supportive of mortgage rates holding their ground. Because of that, several lenders' rate sheets are fractionally better than Monday's though the average movement is almost imperceptible. Conventional 30yr Fixed Best-Execution remains at 3.375% for most lenders, though some lenders can offer compelling alternatives at 3.25% for some scenarios. ( Read More:What is A Best-Execution Mortgage Rate? ) Even though today's market movements were barely capable of fogging a mirror, we're not assuming...(read more)

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Source: www.mortgagenewsdaily.com

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