Wednesday, 15 February 2012 12:27
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Mortgages Rates held steady over the weekend. In fact, rates were so steady that our measured averages on Friday were the same as today's reading , which is a fairly uncommon occurrence. Friday had been a fairly stable day, and markets traded in better territory than Thursday. Rates had come under pressure recently, pushing the 30yr Fixed Best-Execution rate up to 4.0% in some cases, with Friday and now today offering some moderation back into the 3.875% range. (We explain even more about Best-Execution calculations in THIS POST ). News and events surrounding the current Greek bailout negotiations continue to drive markets, and it is perhaps the relative lull in those events that has bond markets and MBS (the "mortgage-backed securities" that most directly govern mortgage rates) trading near...()Forward this article via email: to someone you know that may want to read it.
Posted: 2012-02-13 20:03:00