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Mortgage Rates as of December 12, 2012

Mortgage rates are little changed from Monday. Some lenders’ rate sheets are slightly improved versus yesterday’s, but a majority offered just slightly weaker rates. Today’s political and economic events in the US were of little consequence to bond markets, including the secondary mortgage market. Instead, interest rates were broadly higher right out of the gate due to overnight pressure from positive developments in Europe. That said, and to reiterate, the overall movement was quite small and markets generally maintain a tight, sideways stance ahead of tomorrow’s FOMC Announcement. Best Execution remains between 3.375% and 3.25% depending on the lender and scenario.Click here to read more.

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