Wednesday, December 19, 2012
Subject : Daily Rate Update: Mortgage Rates Fall Slightly from Recent Multi-Month Highs
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Dec 19, 2012 2:55PM
The tone of Fiscal Cliff news shifted from comprommisory back to combative today, helping Mortgage rates recover from Tuesday's multi-month highs . Interest rates rose quickly on the first two days of the week as markets sensed that Washington was beginning to come together in order to craft a tax and spending plan to avert the Fiscal Cliff before the end of the year. Conventional 30yr Fixed Best-Execution rates are most commonly 3.375% with some lenders an eighth of a point higher or lower. ( Read...
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