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Mortgage Rates as of May 8, 2013

Mortgage rates ended the day in line with yesterday’s levels on average, making this the second straight day with unchanged rates and unchanged borrowing costs associated with those rates. While it’s not uncommon for the ‘best-execution’ rate to remain unchanged for extended periods, it’s less common for the COST side of the equation to remain unchanged. Best-execution has been at 3.5% this week after brief stay at 3.375% heading into last week’s jobs report. Click here to read more

Mortgage Rates as of May 8, 2013

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