Apr 19, 2011 6:17PM
Home loan borrowing costs improved slightly today, though Best-Execution mortgage rates were unchanged. This extends a rate-watcher friendly trend in the primary mortgage market. Here is a chart illustrating the recent behavior of consumer borrowing costs. In stark contrast to yesterday's volatility, today was a sideways session. In fact, the secondary mortgage market really didn't rally enough to justify improved rate sheets. Instead, the improvements were due to yesterday's rally, which was not...
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