Mortgage Rate WatchMortgage Rates Predictions and Analysishttp://www.mortgagenewsdaily.com/channels/consumer_rates/atom.aspxCommunity Server2013-05-06T14:45:00ZMortgage Rates Hold Steady Ahead of 3-Day Weekend/consumer_rates/310172.aspx2013-05-24T18:47:00Z2013-05-24T18:47:00Z<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>finally paused their relentless push higher today,</strong> holding at unchanged levels compared to yesterday's latest rate sheets on average. Some lenders were slightly better or worse, but none of them by a wide margin. Data and events were limited and markets were in holiday mode. The most relevant market to mortgage rates, MBS, had a volatile day, but the volatility didn't transfer to rate sheets as much as it normally does, likely due to the shortened trading day and 3-day weekend ahead prompting lenders to price more conservatively yesterday. This would go a long way toward accounting for our observation yesterday that rate sheets were worse in the morning despite trading levels not being appreciably weaker. </p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/310172.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong> <a href="http://www.mortgagenewsdaily.com/channels/310172/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=310172" width="1" height="1">mgrahamhttp://www.mortgagenewsdaily.com/members/mgraham/default.aspxMortgage Rates Carried Higher Still By Yesterday's Momentum/consumer_rates/310022.aspx2013-05-23T20:19:00Z2013-05-23T20:19:00Z<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>weren't quite finished</strong> with what they began on Wednesday, which was the <a href="http://www.mortgagenewsdaily.com/consumer_rates/309865.aspx">worst we've seen in a long time</a>. Despite bond markets managing to hold their ground for the most part today, rates were carried higher by yesterday's momentum--that is to say, lenders' rate sheets were worse this morning than yesterday afternoon despite the fact that trading levels in Mortgage-Backed-Securities weren't appreciably worse. </p>
<p>(catch up with yesterday's big move: <a href="http://www.mortgagenewsdaily.com/consumer_rates/309865.aspx"><strong>Why Did Mortgage Rates Skyrocket Past 2013 Highs on Wednesday?</strong></a>)</p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/310022.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong> <a href="http://www.mortgagenewsdaily.com/channels/310022/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=310022" width="1" height="1">mgrahamhttp://www.mortgagenewsdaily.com/members/mgraham/default.aspxWhy Did Mortgage Rates Skyrocket Past 2013 Highs on Wednesday?/consumer_rates/309865.aspx2013-05-22T22:10:00Z2013-05-22T22:10:00Z<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>were utterly destroyed today.</strong> Not only did the average rate move above the highest seen in 2013, but rates haven't been this high since May 22nd of 2012! Of course, there's the "everything's relative" perspective, whereby we can attempt to appreciate the fact that <a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a> is still around 3.75%, but the fact remains that the day over day movement was devastatingly swift, and on the the most aggressively negative end of the spectrum of possibilities heading into the day. We'll dig into some of the reasons for today's spike after the following housekeeping note.</p>
<p>Mortgage News Daily's rate series is updated every day, once a day (usually near the end of the day to account for any intraday reprices from lenders). It's based on actual lender rate sheets and assuming you're viewing the "updated" timestamp on <a href="http://www.mortgagenewsdaily.com/mortgage_rates/" target="_self">this page</a>, and assuming it's current, you can be assured that you're getting an accurate idea of the <strong>day over day change in rates</strong>. Because actual rate quotes can vary so greatly between borrower, lenders, and geographies, focusing on the day over day change is the best way to get an accurate picture of what's going on with mortgage rates. </p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/309865.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong> <a href="http://www.mortgagenewsdaily.com/channels/309865/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=309865" width="1" height="1">mgrahamhttp://www.mortgagenewsdaily.com/members/mgraham/default.aspxMortgage Rates Slightly Lower Ahead of Fed Minutes, Bernanke/consumer_rates/309616.aspx2013-05-21T19:32:00Z2013-05-21T19:32:00Z<p> </p>
<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>finally caught a break, moving just slightly lower</strong> for only the second time this month. For some, the drop in rates may be too little too late as it still doesn't put much of a dent in the losses suffered in May. <a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">Best-execution</a> for Conventional, 30yr Fixed Loans is still between 3.625% and 3.75%, and we noted a few lenders who were priced significantly worse than yesterday despite the majority being moderately improved.</p>
<p>The leading candidate for the root cause of all the recent <strong>volatility </strong>is the general disposition of the Fed toward QE3, the "quantitative easing" programs responsible for the Fed's large-scale asset purchases. To a large, but unknown extent, QE3 is one factor<strong> keeping mortgage rates low </strong>because it makes for massive, guaranteed buying demand for mortgage-backed-securities. Extra demand raises prices, and higher prices in MBS allow for lower mortgage rates. Analysts have estimated the effects of QE3 to be anywhere from .5 to 1.0% for mortgage rates.</p>
<p> </p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/309616.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong> <a href="http://www.mortgagenewsdaily.com/channels/309616/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=309616" width="1" height="1">mgrahamhttp://www.mortgagenewsdaily.com/members/mgraham/default.aspxMortgage Rates Near 2013 Highs to Start Week/consumer_rates/309420.aspx2013-05-20T19:56:00Z2013-05-20T19:56:00Z<p><a style="font-size: 10px;" href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a><span style="font-size: 10px;"> </span><strong>continued May's nearly constant trend higher</strong><span> to begin the week, though the pace of increases is slower compared to that seen on Friday. Even so, it brings rates dangerously close to their highest levels of 2013 (which are also the highest levels in 1 year). </span><a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">Best-execution</a><span> for Conventional, 30yr Fixed Loans is in transit between 3.625% and 3.75%. Best-ex is also more subjective from borrower's points of view at the moment due to the fact that the most efficient rate on most rate sheets is 3.625% yet it might leave some borrowers bringing more to the table in terms of closing costs than they'd otherwise like. </span></p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/309420.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong> <a href="http://www.mortgagenewsdaily.com/channels/309420/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=309420" width="1" height="1">mgrahamhttp://www.mortgagenewsdaily.com/members/mgraham/default.aspxMortgage Rates Jump Back To Recent Highs, More Volatility Ahead/consumer_rates/309217.aspx2013-05-17T19:51:00Z2013-05-17T19:51:00Z<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a><span> </span><strong>moved higher at their fastest pace in two weeks</strong><strong>,</strong><span> after having their best day in more than 6 weeks just yesterday. The net effect for rates is not good, leaving them at their highest levels of the week and very close to 2013 highs seen in early March. While 3.625% remains as the </span><a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a><span> rate for conventional, 30yr fixed loans, the costs associated with that rate (or whatever rate you're considering) are as high as they've been all week. Further increases from here start to shift the balance toward 3.75%.</span></p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/309217.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong> <a href="http://www.mortgagenewsdaily.com/channels/309217/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=309217" width="1" height="1">mgrahamhttp://www.mortgagenewsdaily.com/members/mgraham/default.aspxMortgage Rates Move Convincingly Lower/consumer_rates/309025.aspx2013-05-16T20:15:00Z2013-05-16T20:15:00Z<p>
<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>moved </strong><strong>lower at their fastest pace in 6 weeks </strong><strong>today,</strong> erasing most of the losses seen so far this week. Not all lenders have adjusted pricing at the same pace, however, and <a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a> is still 3.625% for conventional, 30yr fixed loans. That means today's improvements came in the form of lower borrowing costs or increased lender credit, depending on the scenario. </p>
<p>Today's improvements were potentially important in the bigger picture. We began talking about this yesterday, saying that:</p>
</p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/309025.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong> <a href="http://www.mortgagenewsdaily.com/channels/309025/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=309025" width="1" height="1">mgrahamhttp://www.mortgagenewsdaily.com/members/mgraham/default.aspxMortgage Rates Unchanged To Slightly Higher/consumer_rates/308827.aspx2013-05-15T20:51:00Z2013-05-15T20:51:00Z<p><a style="font-size: 10px;" href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a><span style="font-size: 10px;"> </span><strong>had a good day,</strong><span style="font-size: 10px;"> despite the fact that the day-over-day change from yesterday is flat to slightly higher. Part of the reason for the higher average rate (by .01%) today has to do with late day negative reprices yesterday that weren't yet reflected in our daily marks. This helps the </span><a style="font-size: 10px;" href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a><span style="font-size: 10px;"> rate for conventional, 30yr fixed loans, stay in it's 3.625% zone. Lower rates continue to be viable options in some scenarios, but are increasingly costly, moving lower from 3.625%. </span></p>
<p>Bond markets, including MBS (the 'mortgage-backed-securities' that most directly affect mortgage rates), have been on the back foot all month, with the latter making a new low every single day since May 1 (when MBS move lower, rates move higher). Today's trading had the redeeming quality of NOT making a new low. We can't conclude anything from 1 session, but it does at least introduce the possibility that we're digging in at recent highs to make a range between now and next week's FOMC Minutes. This would look more likely if we see a repeat performance tomorrow.</p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/308827.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong> <a href="http://www.mortgagenewsdaily.com/channels/308827/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=308827" width="1" height="1">mgrahamhttp://www.mortgagenewsdaily.com/members/mgraham/default.aspxMortgage Rates Continue Barreling Toward 2013 Highs/consumer_rates/308625.aspx2013-05-14T20:20:00Z2013-05-14T20:20:00Z<p>
<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>began the day in promising shape,</strong> but lost their composure early and often. Despite several lenders releasing their initial rate sheets today in line with yesterday's, the afternoon brought 1-3 rounds of new rate sheets with costs significantly increased from morning offerings. The <a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a> rate for conventional, 30yr fixed loans has already moved most of the way through 3.625% and some lenders are edging into 3.75% territory.</p>
<p>Today's losses weren't a factor of any economic reports in the US (or abroad, for that matter), yet markets moved with determination. All of the more granular contributors are operating in the shadow of the FOMC issues we <a href="http://www.mortgagenewsdaily.com/consumer_rates/308435.aspx">discussed yesterday</a>. Today was additionally frustrating as the granular factors were particularly hard to find, having lots to do with European debt announcements, ratings, and other esoteric trading considerations that don't make for easy explanations on the evening news. </p>
</p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/308625.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong> <a href="http://www.mortgagenewsdaily.com/channels/308625/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=308625" width="1" height="1">mgrahamhttp://www.mortgagenewsdaily.com/members/mgraham/default.aspxMortgage Rates At 8 Week Highs/consumer_rates/308435.aspx2013-05-13T20:01:00Z2013-05-13T20:01:00Z<p>
<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>continued higher to begin the week,</strong> carrying some momentum from Friday's rapid move higher and taking new cues from a stronger-than-expected Retail Sales report this morning. Rates were already at their worst levels in over a month last week, but today's losses mean we'd have to go back to March 22nd to see similar rate sheets. The <a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a> rate for conventional, 30yr fixed loans is now well into 3.625%, though lower rates remain available for additional costs.</p>
<p><span>With the exception of early March, today's average rates are right in line with the highest of the past 12 months. This morning's Retail Sales report was only a small contributor to that. The most significant event of the past 2 weeks continues to be the Employment Situation Report on May 3rd, which marked a turning point for rates, one day after hitting 2013 lows. We've exploded higher since then and are now seeing uncertainty about Fed policy thrown in the mix. </span></p>
</p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/308435.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong> <a href="http://www.mortgagenewsdaily.com/channels/308435/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=308435" width="1" height="1">mgrahamhttp://www.mortgagenewsdaily.com/members/mgraham/default.aspxWhy Did Mortgage Rates Spike Quickly To One-Month Highs?/consumer_rates/308248.aspx2013-05-10T23:00:53Z2013-05-10T23:00:53Z<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <b>rocketed higher precipitously today,</b> taking them to their highest levels since April 2nd. The move was all the more confounding as it happened on a day with no significant headlines or data releases--at least not the caliber of information that normally motivates such violent swings. When the dust settled, borrowing costs at the 3.5% <span>'</span><a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a><span>' were up anywhere from 0.4 to 1.2% depending on the scenario (this is equivalent to $400-$1200 in closing costs or lender credit for every $100k financed). It was also enough of a move to bring<b> 3.625% back into picture</b> and as a viable best-execution contender. The differences between those two rates are minimal in terms of efficiency, and in most cases, the choice amounts to a trade off between up front cost and monthly payment.</span></p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/308248.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong> <a href="http://www.mortgagenewsdaily.com/channels/308248/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=308248" width="1" height="1">mgrahamhttp://www.mortgagenewsdaily.com/members/mgraham/default.aspxMortgage Rates Flat For Second Straight Day/consumer_rates/308035.aspx2013-05-09T20:39:00Z2013-05-09T20:39:00Z<p style="color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff;"><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>ended the day in line with yesterday's levels</strong> on
average, making this the second straight day with unchanged rates and
unchanged borrowing costs associated with those rates. While it's not
uncommon for the '<a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a>'
rate to remain unchanged for extended periods, it's less common for the
COST side of the equation to remain unchanged. Best-execution has been
at 3.5% this week after brief stay at 3.375% heading into last week's
jobs report.</p>
<p>Markets
had their most volatile day of the week as the stronger-than-expected
Jobless Claims data caused problems for bond markets early in the
session. Stronger statements on the economy tend to put upward pressure
on rates, all things being equal. Of course,</p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/308035.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong> <a href="http://www.mortgagenewsdaily.com/channels/308035/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=308035" width="1" height="1">mgrahamhttp://www.mortgagenewsdaily.com/members/mgraham/default.aspxMortgage Rates Hold Steady, Ending Four Day Losing Streak/consumer_rates/307789.aspx2013-05-08T19:03:00Z2013-05-08T19:03:00Z<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>were almost perfectly flat today,</strong> ending a 4 day trend higher, for now. That trend began on Thursday and of course saw it's biggest surge after Friday's Job's report. Rates continued drifting higher to start the current week, but at a lessened pace. The drift leveled off today after bond markets hit their weakest levels earlier this morning. Naturally, <span>Conventional 30yr Fixed '</span><a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a><span>' remains at 3.5%, and with no change to average borrowing costs. </span></p>
<p>If there's an ideal time of day for bond markets to experience weakness, it's the early morning--at least as far as mortgage rates are concerned. The mortgage-backed-securities that most directly affect rates (MBS), start trading in the 7am hour and more actively by 8am. It's not until 9:30am that the earlier rate sheets of the day are generated by mortgage lenders, thus leaving at least an hour and a half of time for bond markets to work the kinks out before any early morning weakness is <strong>passed on to consumers in the form of higher rates</strong>.</p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/307789.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong> <a href="http://www.mortgagenewsdaily.com/channels/307789/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=307789" width="1" height="1">mgrahamhttp://www.mortgagenewsdaily.com/members/mgraham/default.aspxMortgage Rates Continue Steady Drift Higher /consumer_rates/307626.aspx2013-05-07T20:38:00Z2013-05-07T20:38:00Z<p> </p>
<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>rose again today,</strong> continuing the steady move higher seen yesterday. In the bigger picture, Friday's jobs report did the most severe damage, taking rates much higher on that single day than yesterday and today combined. Without any meaningful data to motivate movement, bond markets (which include the mortgage-backed-securities or MBS that directly influence rates) have been adrift so far this week--continuing to trade defensively--still rattled by Friday's move.</p>
<p>Conventional 30yr Fixed '<a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a>' remains at 3.5% today, which is an eighth higher than the 3.375% achieved last week. That means that the actual <strong>interest rate</strong> quote you'd receive (or have received) isn't likely to have changed today, but the costs involved with obtaining that rate moved higher for most lenders. Depending on your scenario, this could mean increased closing costs or a decreased amount of lender credit.</p>
<p> </p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/307626.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong> <a href="http://www.mortgagenewsdaily.com/channels/307626/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=307626" width="1" height="1">mgrahamhttp://www.mortgagenewsdaily.com/members/mgraham/default.aspxMortgage Rates Higher In a More Orderly Fashion to Begin The Week/consumer_rates/307436.aspx2013-05-06T18:45:00Z2013-05-06T18:45:00Z<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>moved gently higher today</strong> compared to Friday's calamitous surge higher, which was among the 5 worst days for rates of the past two years. Though the movement was extreme, it followed nearly 8 weeks of improvement that had taken rates to their 2013 lows last Wednesday. And while that's no major consolation to those hoping for lower rates, Conventional 30yr Fixed '<a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a>' only <b>moved up from 3.375% to 3.5%</b>. Earlier in 2013 it briefly went as high as 3.75%, but had been most frequently at 3.625%.</p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/307436.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong> <a href="http://www.mortgagenewsdaily.com/channels/307436/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=307436" width="1" height="1">mgrahamhttp://www.mortgagenewsdaily.com/members/mgraham/default.aspx