Posted To: Mortgage Rate WatchMortgage rates rose purposefully today, as mortgage-backed-securities (MBS) coped with tough trading conditions for a variety of reasons. Lenders who released rate sheets early in the morning were forced to reprice negatively as markets deteriorated, but weve seen several lenders who priced during the weaker market conditions able to reprice positively this afternoon as some of the losses have been recovered. All told, the average rate sheet is back to February 1st rates/fees with 3.625% remaining as the Best-Execution rate and borrowing costs rising. ( What is A Best-Execution Mortgage Rate? ) As we occasionally discuss, in terms of financial markets effects on mortgage rates, its not Treasuries, but MBS that have the most direct effect . This stands to reason considering that MBS are the...(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/295212.aspx| Call Bonnie Kelly for all your real estate needs: 505-350-8672 @
uwad.com
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