Mortgage rates¬†were slightly higher¬†today, on average, but some lenders were unchanged from yesterday. ¬†Others were quoting higher rates in the morning and then issued positive reprices in the afternoon (i.e. mid-day improvements), bringing them back in line with the rest of the pack. ¬†In the slightly bigger picture, rates remain closer to 4 week lows. ¬†Since Dec 8th, only yesterday was any better.
4.25% remains the most prevalent conventional 30yr fixed quote on top tier scenarios. ¬†Some of the more aggressive lenders are still down at 4.125% and a few haven't made it down from 4.375% yet. ¬†Compared to yesterday, today's movement would only be seen in the form of slightly higher upfront costs (as opposed to in the "note rate" itself).¬†...(read more)Forward this article via email:¬†¬†Send a copy of this story to someone you know that may want to read it.[img]http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=694917