Thursday, December 27, 2012
Subject : Daily Rate Update: Mortgage Rates Moderately Improved on Fiscal Cliff Headlines
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Dec 27, 2012 2:30PM
Mortgage rates moved slightly lower on Thursday after markets received their first Fiscal Cliff update of the week. Earlier this morning, Senate Majority Leader Harry Reid said that over the Fiscal Cliff "looks like where we're headed." Stock prices and bond yields fell steadily following that headline, but ultimately leveled off in the afternoon. Despite improved trading levels in Financial Markets, lenders maintained relatively more conservative pricing strategies, with only moderate improvements...
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