Mortgage rates began the day flat to slightly lower before market weakness in the afternoon caused many lenders to release negatively revised rate sheets. Not all lenders took part in the “reprice,” but the net effect is an average Best-Execution rate with borrowing costs very similar to those seen on Friday with some lenders slightly higher in cost while others remain slightly lower. The most prevalent Best-Execution rate continues to be 3.625%.Click here to read more.