Tuesday, January 31, 2012
Subject : Daily Update: Mortgage Rates Slightly Higher Despite Bond Market Improvements
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Jan 31, 2012 2:33PM
After setting new record lows yesterday, Mortgages Rates rose slightly today, though 3.875% best-execution remains intact. Rather than affect the prevailing rates being quoted, today's weakness is most likely to be seen in the form of slightly higher borrowing/closing costs for the same rates quoted yesterday (learn more about how we calculate Best-Execution in THIS POST ). The increases run counter to today's market movements as well. Treasury yields are lower again today, and MBS (the "mortgage...
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