Mortgage Rates Finish The Week Near Recent Highs

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Posted To: Mortgage Rate Watch

Mortgage rates were slightly higher today, despite moderate improvements in underlying bond markets. This is primarily due to fairly pronounced weakness late in the day yesterday combined with the fact that bond markets opened in even weaker territory before improving to modestly positive levels. Beyond those timing considerations, the gains were simply quite small in the first place. Some lenders offered improved rate sheets as market levels crept back into positive territory but on average, borrowing costs are slightly higher than yesterday for the prevailing 3.625% Best-Execution rate for 30yr Fixed, Conventional loans, though not quite as high as they were on the 2/13. ( What is A Best-Execution Mortgage Rate? ) Yesterday we logged a bit of frustration with the improvements, noting that...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/297184.aspx

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