Mortgage Rates Stay Relatively Flat Despite Market Volatility

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Posted To: Mortgage Rate Watch

Mortgage rates were very close to unchanged today, though some lenders were in microscopically better territory than yesterday. Underlying market movements were more volatile than they have been, but ultimately settled down in agreeable territory for mortgage-backed-securities (MBS). Best-Execution for 30yr Fixed, conventional loans remains stuck between 3.625% and 3.75% with lower rates still available in exchange for increasingly steep up front costs. ( What is A Best-Execution Mortgage Rate? ) Depending on the level of attention you pay to news from financial markets, you may or may not have gotten the sense that the small Mediterranean island country of Cyprus is the center of attention this week. For the casual observer, it strains credulity to consider that Cyprus could actually be the...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/301274.aspx

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