We’ve spoken in the past about “walls” that crop up in the course of Mortgage Rate movements. We’re now seeing a similar case for 4.25% as it continues to insulate borrowers from higher rates even during the recent (October) weakness in mortgage rates. It looked at risk as we took somewhat of a beating
yesterday but markets were able to undo a reasonable amount of that damage today. Rates aren’t quite as good as they were on
Wednesday afternoon, but after yesterday’s drama, it’s a relief to merely be
improved.
Best-Execution won’t necessarily
have improved for every scenario, but at the very least, you should see a
reduction in closing costs if your note rate is unchanged today. Lender offerings again became more stratified
as we start to push back from “the wall” at 4.25%
Today’s Rates:
- BESTEXECUTION 30YR FIXED – 4.25% but more 4.125% today.
- FHA/VA
Read More from the Article Source: http://www.mortgagenewsdaily.com/consumer_rates/234366.aspx
