Posted To: Mortgage Rate Watch
With yesterday’s increases, Mortgages Rates moved to the edge of their recently long and stable stay at a 3.875% Best-Execution level. While some lenders are still best-priced at 4.0%, the average Best-Execution rate moved back down into 3.875% territory today. Keep in mind that “best-execution” refers to the most ideal possible rate/fee scenario and we track this because it’s the most consistent way to benchmark the movement of the broader collection of lender rate offerings. (We explain even more about Best-Execution calculations in THIS POST ). The same thing that has been moving markets and mortgage rates around all week, is once again behind today’s general bounce back. Early this morning, one of the leaders of a political party in Greece said that his party could not back the bailout…(read more)
Related posts: