Mortgage Rates Sneak Into Long Weekend Nearly Unchanged

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Posted To: Mortgage Rate Watch

Mortgage rates moved gently higher today, but levels were close enough to unchanged that several lenders were either in line with yesterday's rates or marginally better. The trading session for bond markets including Mortgage-backed-securities, came to an early close in honor of tomorrow's Good Friday holiday. Though there were several potential market movers in play, none of them caused a scene and trading levels moved very calmly sideways all day. Best execution ( what is this? ) for 30yr Fixed loans remained at 3.625% with the minor weakness being seen in the form of moderately higher borrowing costs. In general, a good amount of yesterday's improvements and today's ground-holding is due to fear about "stuff that might not happen" in Italy and the EU. We spent the whole session waiting for...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/302060.aspx

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