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Mortgage Rates as of October 23, 2012

It’s a testament to the persistence of the recent move higher that mortgage rates experienced their best day in over a week on Tuesday. Reason being: the improvements weren’t anything special and not at all out of line with an average “good day for mortgage rates.” It’s just that that we’ve only seen one day of improvement since October 12th and today’s gains are slightly better. Best-Execution for 30yr Fixed Conventional Loans remains at 3.375% among most lenders, though adjacent rates are viable choices in some scenarios. The “improvements” come in the form of lower closing costs or increased lender credit while Best-Execution is unchanged from yesterday. Click here to Read More…

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