Tuesday, February 12, 2013
Subject : Daily Rate Update: Mortgage Rates Slightly Lower Despite Market Weakness
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Feb 12, 2013 3:30PM
Mortgage rates continued to inch lower on Tuesday as part of a two day move back down from recent highs. The change in rates compared to yesterday's latest offerings isn't enough to change the prevailing Best-Execution rate for 30yr Fixed, Conventional loans (3.625%), but modest improvements came in spite of weaker market conditions. This means that lenders priced rate sheets more aggressively relative to trading levels in MBS (the mortgage-backed-securities that most directly influence rates). It...
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