Mortgage Rates Fall After Three Days Spent Moving Higher

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Posted To: Mortgage Rate Watch

Mortgage rates finally moved lower today, after rising moderately during the first 3 days of the week. Today's changes are fairly small when viewed against the damage done since last Friday, but last Friday's rates were exceptional. While not quite as good as the offerings seen from last Thursday through this Wednesday, today's rates are still among the best of the year. It's interesting to note that the best and worst rates in 2013 are separated by only 0.25% (3.5-3.75%) with most days averaging 3.625%. The b est execution ( what is this? ) for 30yr Fixed loans had begun edging up toward 3.625% yesterday after hitting 3.5% late last week, and today's improvement undoes some of that movement, keeping 3.5% in play. With the recent fluctuations in rates--more importantly with the recent variations...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/303982.aspx

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