Mortgage rates moved slightly lower again today, marking the third straight session of recovery after being launched higher last week. The magnitude of that launch is a matter of perspective, though 30yr Fixed Best-Execution never made it over 3.5%. Today’s improvements bring the average rate sheet back into 3.375% territory, but lenders remain on both sides of that (fewer at 3.25%, more at 3.5%). Not every lender improved, and not every improvement will have dropped the quoted rate by the standard .125% increment. That means that many scenarios will see this improvement as a reduction in closing costs (or increase in lender credit). Click here to read more.