Mortgage Rates Slightly Higher. Markets Closed Tomorrow

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Mortgage rates moved slightly higher on Monday, though there were no material market movements driving the change. Lenders are erring on the side of caution heading into the Christmas holiday. Bond markets (which encompass the Mortgage-Backed-Securities that most directly influence rates) are only open for a half day today and are fully closed tomorrow. The fact that markets are open for a half-day today doesn't mean much as activity has been even lighter than past examples of holiday-shortened sessions. Best-Execution is unchanged at 3.3375%, though borrowing costs edged slightly higher. ( Read More:What is A Best-Execution Mortgage Rate? ) The dramatically slower than usual market conditions seem to make sense in the context of recent events. Even though the ultimate outcome of the Fiscal...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: www.mortgagenewsdaily.com

- For more real estate news visit our website at http://www.AzHomeHelp.com