Mortgage Rates Give Back Some Of Last Week's Improvements

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Mortgage rates rose moderately today for the first time in more than a week, marking at least a temporary end to the most aggressive move lower since mid 2012. Rates dropped precipitously to their lowest levels in months on Thursday and Friday of last week after surprisingly weak employment data. Today's bounce higher only undoes a portion of the recent improvement. B est execution ( what is this? ) for 30yr Fixed loans remains at it's newly reacquired 3.5% level with today's weakness seen in the form of higher closing costs (or decreased lender credit depending on the scenario). Trading levels in Treasuries and MBS (the "mortgage-backed securities" that most directly influence mortgage rates) began the day in decent territory, but began losing steam in fits and starts as the day progressed...(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/303336.aspx

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