Mortgage Rates End Week At Best Levels

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Posted To: Mortgage Rate Watch

Mortgage rates were very slightly lower today, but the improvement was just enough to leave most lenders at their best rates of the week. We have yet to see a move below the prevailing b est execution ( what is this? ) rate of 3.5% for 30yr Fixed loans. This means today's improvement was limited to the closing cost side of the equation, and it's technically "the costs associated with a 3.5% loan" that are at their lowest levels of the week. That said, some lenders are closer than others to being more efficiently priced at 3.375%. Virtually any lender than offers 3.5% will also have lower rates available, and paying the extra upfront costs to move down to 3.375% or 3.25% may make sense for some scenarios. Markets were calm today, with no major events or data on the calendar. The Mortgage-Backed...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/305217.aspx

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