Mortgage Rates Show Resolve To Remain In Recently Lower Range

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Mortgage rates edged modestly lower today, signifying some level of resolve to remain at the more aggressive levels of the recently lower range in April. There were no significant scheduled economic reports today--a fact that can make for increased volatility, as it did today. Most of the volatility was mortgage-rate-friendly as the mortgage-backed-securities (MBS) that most directly affect rates swung into their best territory of the week by 1pm. B est execution ( what is this? ) for 30yr Fixed loans remains at 3.5%, with borrowing costs slightly lower than yesterday's in most cases. Today is a curveball for the broader outlook. After several solid days of improvement beginning last Friday, yesterday's weakness caused us to question whether or not the trend of improvement was reversing or...(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/304857.aspx

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