Mortgage Rates Improve On Average, But Not For Every Lender

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Mortgage rates continued to inch lower on average after rising to the highest levels since September at the end of last week. There were no significant market moving events behind the move, but rather, rates markets are simply consolidating after last week's fast-paced changes. Those changes brought the Best-Execution rate for 30yr Fixed, Conventional loans to 3.5%, and for most lenders, that's where it remains, though the borrowing costs associated with that rate mostly moved lower today. Additionally, many lenders are close to a 3.375% Best-Execution rate, and most are still able to offer lower if you choose to "buy down" the rate (paying extra up front costs for a lower rate). ( Read More:What is A Best-Execution Mortgage Rate? ) Rates may have improved from recent highs, but we're still...(read more)

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

Source: http://www.mortgagenewsdaily.com/consumer_rates/290478.aspx

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