Mortgage Rates Continue Higher As Market Activity Increases

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Posted To: Mortgage Rate Watch

Mortgage rates moved slightly higher again on Tuesday, continuing a gentle drift higher from the lowest levels in several weeks on Friday. While yesterday's rates were arguably in line with most of last week's offerings, today's weren't quite comparable. That said, they certainly haven't risen back to the previous week's levels or even to last Monday's levels for some lenders. 3.625% continues to be the most common Best-execution rate for 30yr Fixed, Conventional loans with today's deterioration seen in the form of slightly higher borrowing costs. Buy-downs to lower rates continue to be available and can viable options for some scenarios. ( What is A Best-Execution Mortgage Rate? ) Markets were exceptionally slow yesterday, and the general level of activity and volatility increased today as...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/298702.aspx

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