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Mortgage Rates as of November 20, 2012

Mortgage rates started out the day mixed but mostly lower as lenders passed along market improvements from late in yesterday’s session. Mid-morning headlines about a potential ceasefire in the Middle East along with news that Eurozone finance ministers were making progress on releasing bailout funds to Greece both served to send interest rates higher in financial markets. The market volatility ultimately prompted several lenders to release negatively revised rate sheets, making for a net increase in rates/costs on the day, but one that doesn’t alter the prevailing 3.375% Best-Execution level for 30yr Fixed, Conventional Loans. Click here to Read More…

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