Mortgage Rates Vary By Lender, Stubbornly Flat Overall

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Posted To: Mortgage Rate Watch

Mortgage rates were mixed, leaning toward slightly improved to begin the holiday-shortened week. Several lenders' rate sheets were slightly worse than Friday's while a majority were unchanged to slightly better. A worse-than-expected report on Existing Home Sales helped interest rates hold their ground. Despite the moderate improvement overall, it hasn't been enough to affect the Best-Execution levels for 30yr Fixed, Conventional loans, which continue to hover near 3.5% since Thursday. ( Read More:What is A Best-Execution Mortgage Rate? ) Both before and after the Home Sales data, MBS (the "mortgage backed securities" that most directly affect mortgage rates) were relatively flat. Along with Treasuries, MBS have been recovering from a sharp sell-off last Thursday which took Best-Execution from...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/292425.aspx

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