Mortgage Rates Bounce Back To Begin The Week

Posted To: Mortgage Rate WatchMortgage rates regained a good amount of lost ground today as most lenders rate sheets were in line with or better than last weeks rates. The overall movement wasnt enough to justify a shift back to 3.5% Best-Execution from the recently more prevalent 3.625%, but its a step in that direction. The differences in rates would be more noticeable in terms of the closing COSTS or lender credit as opposed to the rates themselves. ( What is A Best-Execution Mortgage Rate? ) Bond markets were fairly calm in their positivity today ("positive" movement in bond markets connotes higher prices of Mortgage-Backed-Securities, which equate to lower rates). That said, it continued to be the case today that movements in interest rates (both in Treasuries and mortgage markets) were reasonably well-connected...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.http://www.mortgagenewsdaily.com/consumer_rates/294326.aspx @ uwad.com