Mortgage Rates Still Not Fully Committed to Recovery

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Mortgage rates moved sideways-to-slightly lower in most cases today, but only after underlying bond markets fought back from morning weakness. Before that, most lenders were offering slightly higher rates than yesterday, though the differences would be seen in the form of closing costs as opposed to in the rate itself. 4.0% remains the most prevalent conventional 30yr fixed quote for top tier scenarios. This has been a line in the sand, blocking rates from a more substantial recovery after they spiked in early May. An old friend (of mortgage rates) was in the news today, but not in a very friendly capacity today. Rumors regarding a potential Greek debt restructuring circulated just before 10am. Although the news didn't really pass the smell test, investors nonetheless moved some money out of...(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/475412.aspx

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