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Posted To: Mortgage Rate Watch
Mortgage rates are even more sharply unchanged today than they were yesterday, which at least saw some consensus toward strength in the morning and weakness in the afternoon. In contrast, today's movements in the secondary mortgage market were completely flat (relative to their average range of motion). This left nearly all lenders at liberty to put out one rate sheet in the morning and call it a day. As such, 3.625% best-execution is unchanged, as are the average costs associated with that rate. As has been the case, adjacent rates at 3.5 and 3.75 may be competitive depending on your scenario. ( What is A Best-Execution Mortgage Rate? ) While there were several pieces of economic data out today, markets didn't seem to care much. If anything, lower-than-expected Jobless Claims figures put a...(
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Source:
http://www.mortgagenewsdaily.com/consumer_rates/298070.aspx - For more real estate news visit our website at http://www.AzHomeHelp.com
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