Mortgage Rates Almost Perfectly Flat For Eight Consecutive Days

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Mortgage rates were microscopically higher today, doing very little to change the pervasive theme of narrow, sideways movement this week. In fact, today's rates are almost perfectly comparable to those seen on 4/15 and have moved less during those 8 business days than any 8-day stretch we have on record. Best execution for Conventional, 30yr Fixed loans remains at 3.5% with the most aggressive lenders close to 3.375%. Lower rates are available at most lenders for an additional cost and may be viable depending on your scenario. Not only have mortgage rates been sideways and stable, but related Treasury yields have held similarly narrow ranges with 10yr notes holding mostly between 1.69 and 1.72 during the same time. Such periods of consolidation are typically followed by a more concerted move...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagenewsdaily.com/consumer_rates/306034.aspx

- For more real estate news visit our website at http://www.AzHomeHelp.com