Wednesday, January 9, 2013
Subject : Daily Rate Update: Mortgage Rates Continue Steady Descent Back to Earth
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Jan 9, 2013 4:08PM
Mortgage rates moved slightly lower again today , marking the third straight session of recovery after being launched higher last week. The magnitude of that launch is a matter of perspective, though 30yr Fixed Best-Execution never made it over 3.5%. Today's improvements bring the average rate sheet back into 3.375% territory, but lenders remain on both sides of that (fewer at 3.25%, more at 3.5%). Not every lender improved, and not every improvement will have dropped the quoted rate by the standard...
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