Mortgage Rates Improve Only Slightly, But Near 2013 Lows

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Mortgage rates barely moved today, but the modest improvements were enough to bring them as close as they've been to 2013 lows in more than three months. Bond markets including MBS (the mortgage-backed-securities that most directly affect mortgage rates) were impressively unchanged for most of the day despite a healthy stock market rally. All things being equal, strong days in stocks tend to coincide with rising rates. Most lenders lowered costs marginally for the prevailing 3.5% best execution rate for Conventional, 30yr Fixed loans. Economic data was of little concern to bond markets today--something that certainly will not be the case next week when we'll get the Employment Situation Report as well as a policy announcement from the Fed. Even as early as tomorrow, there's more of an opportunity...(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/305601.aspx

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