Category Archives: Interest Rates

Daily Rate Update: Mortgage Rates Vary by Lender After Friday’s Rout

Mortgage Rates Vary By Lender After Friday’s Rout

Mortgage rates are very slightly lower in many cases after surging on Friday to the highest levels in nearly 10 months. That said, some lenders continued higher today while others were essentially flat. Overall, the average Best-Execution rate is moderately lower today, but very close to Friday’s latest levels. That means that the shift from 3.625 to 3.75% continues to be supported so far this week. 3.75% is the highest best-execution rate we’ve recorded since May of 2012. ( What is A Best-Execution…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/299541.aspx

Daily Rate Update: Mortgage Rates Struggle to Improve Despite Bond Market Strength

Mortgage Rates Struggle To Improve Despite Bond Market Strength

Mortgage rates are mixed to lower today, but some lenders are still in worse shape than yesterday afternoon’s latest offerings. This stratification around unchanged levels belies the day-over-day changes in bond markets, including the mortgage-backed-securities (MBS) that most directly influence mortgage rates. That said, a few lenders did release positively revised rate sheets in the afternoon after a day of steady improvement in MBS. Best-Execution is still at 3.75% with 3.625% still viable for…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/299728.aspx

Daily Rate Update: Mortgage Rates Still Stratified but Sideways on Average

Mortgage Rates Still Stratified But Sideways On Average

Mortgage rates were flat on average today, but continued to be stratified depending on the lender. In other words, some rate sheets were moderately better than yesterday’s latest while others were slightly worse. That said, most were fairly close to yesterday and several lenders improved pricing in the afternoon after a stronger-than-expected Treasury auction gave a lift to MBS (the mortgage-backed-securities that most directly affect mortgage rates). Conventional 30-yr Fixed best-execution remains…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/299945.aspx

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