Mortgage Rates Moderately Improved To Begin The Week

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Mortgage rates backed down from recent highs to begin the week, with moderate improvements to the costs associated with prevailing rates. This means that the movement between Friday and today isn't enough to change the actual interest rates you're likely to be quoted, but in most cases, lenders are either charging less for that rate or are able to cover additional closing costs. Best-Execution for 30yr Fixed, Conventional Loans remains at 3.625%. Costs were close to their recent highs on Friday and today are closer to mid-week levels. Some lenders released positive reprices in the afternoon as mortgage-backed-securities (MBS) improved. ( What is A Best-Execution Mortgage Rate? ) The gradual improvement in bond markets (includes MBS) was set against the backdrop of an extremely quiet trading...(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/295437.aspx

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