Mortgage Rates improved again today. This would be a good day to NOT be looking at US Treasuries for an indication of mortgage rates. 10yr yields moved about 0.02% higher while the Best-Execution mortgage rate at many lenders moved down to 3.875%.
The increased availability of 3.875% Best-Ex rates today would have us
feeling even more like locking than simply entertaining 4.0%
Best-Execution offerings of the past few weeks. Nothing changes about
the rate guidance at current levels.
Today’s BEST-EXECUTION Rates
- 30YR FIXED - 4.0%, increasing amount of 3.875′s.
- FHA/VA -
3.75%, fewer 3.875′s - 15 YEAR FIXED -
3.375%-3.5% - 5 YEAR ARMS - low
3% range, huge variations from lender to lender.
Guidance:
In a fundamental sense, we’re well aware of the fact
that European drama continues to help domestic bond markets.
Technically, we’re impressed that mortgage rates have
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