Mortgage Rates Eke Out Minor Improvements After Late-Day Reversal

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Posted To: Mortgage Rate Watch

Mortgage rates were essentially unchanged Today. On average, rates were slightly higher to begin the day, but an afternoon reversal in bond markets was sufficiently strong to prompt many lenders to release positively revised rate sheets. That tipped the scales back toward a slight improvement on the day with Best-Execution for 30yr Fixed, Conventional loans continuing to hold in the 3.375% to 3.5% range. ( Read More:What is A Best-Execution Mortgage Rate? ) With respect to rate sheet offerings from lender to lender, there are a few notable outliers at the moment. Year-end/New-year pricing strategies as well as lenders' responses to last week's volatility have made for a higher-than-normal degree of stratification. Some lenders are "business as usual," adjusting rate sheets in the same proportion...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/291083.aspx

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