Posted To: Mortgage Rate Watch

Mortgage Rates worsened at a reasonably brisk pace today when compared with recent relative stability. Still, the movement remains confined to costs associated with as yet, unchanged Best-Execution Rates. That means that 3.875% is still the average "best-case-scenario and best bang-for-the-buck" rate among most lenders rounded to the nearest eighth. 3.75% had been increasingly attractive last week, but has all but faded from view after lenders released rates weaker this morning. Several lenders recalled those rates, raising costs as bond markets suffered. Over the past few days, we've included the following in our analysis: Rates are as low as they've ever been. How long will this continue? There's no way to know for sure, but we generally advocate a conservative approach with rates at all...(read more)