Posted To: Mortgage Rate Watch

How many times will we have the opportunity to write this headline in 2012? Yet again, Mortgage Rates on average, have broken recently set records for 30yr Fixed Best-Execution rates and moved to new all time lows. Best-Execution remains most appropriately at 3.875% although 3.75% is as close as it's ever been to getting equal recognition. Depending on the scenario in question, lower rates are available and in rare cases, could make sense. As we note in the rate disclaimer, Best-Ex is the "most efficient combination." This is akin to the colloquialism "most bang for your buck," in the sense that we're looking for the shortest amount of time to recapture any applicable borrowing costs. In some cases, lenders won't only NOT be charging those costs, but can actually pay a few of the other ones...(read more)