Mortgage Rates Unchanged To Slightly Higher To Begin Week

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Posted To: Mortgage Rate Watch

Mortgage rates moved slightly higher in most cases on Monday, though some lenders were essentially unchanged from Friday's latest offerings. Despite the moderate weakness, with the exception of Friday, today's rates are in line with February lows, though the range has been narrow. 3.625% continues to be the most prevalent Best-Execution rate with reasonably priced "buy-downs" for those interested in paying more upfront cost in exchange for lower rate. ( What is A Best-Execution Mortgage Rate? ) If Friday's trading day was slow and uneventful, today's was completely switched-off. There were no significant events and no major economic data releases. This won't be the case later in the week as important employment data begins coming in on Wednesday and the all-important Employment Situation report...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/298472.aspx

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