Mortgage Rates Inch To New 7 Month Highs

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Posted To: Mortgage Rate Watch

Mortgage rates avoided the larger-scale swings that they might have considering the important data on tap today. Instead, they merely began the day just barely into their worst levels in about 7 months (depends on the lender, some are improved, others unchanged) and, for the most part, stayed right there despite a good bit of volatility surrounding today's big new. While many lenders are still at 3.625% in terms of Best-Execution for 30yr Fixed, Conventional Loans, 3.75% is increasingly prevalent. ( What is A Best-Execution Mortgage Rate? ) Today's big-ticket event was the release of the Minutes from the most recent Fed meeting . Markets already had the official statement produced by that meeting as of January 30th, but the Minutes offer more granular details on the undercurrents that could...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/296797.aspx

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