Mortgage Rates Hold Steady For 2nd Day After Wednesday’s Big Rise

Posted To: Mortgage Rate Watch

Mortgages Rates managed to hold mostly steady today, ending a week that saw the sharpest 2 day increase in nearly 6 months. Best-Execution for 30-Year Fixed, Conventional Loans continues to operate at 4-4.125% at best. Although buy-downs to 3.875% are available, there will be significant additional costs in most cases. (read more about Best-Execution calculations ). (read more about Wednesday’s Big Changes in Rates ). This leaves us in a situation where Best-Execution rates are in territory not seen for several months. At current levels, rates could notch an eighth or two higher before encountering their first significant supportive ceiling. So although holding steady for two days is a relief after Wednesday’s big losses, don’t let it affect your decision making process (assuming you’re faced…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Leave a Reply