Best-Execution Mortgage Rates Rise After Extended Period of Stability

Tuesday, January 24, 2012

by Matthew Graham

Jan 23 2012, 3:12PM

“For the first time in over a month, the Best-Execution rate for 30yr fixed mortgages rose from a rounded average of 3.875% to 4.00% today. The underlying borrowing costs associated with 3.875% didn’t rise by a significantly painful amount, but the small increases across the board, combined with one huge move by a huge lender, was enough to bring the average rate closer to 4.0% than 3.875%.”

…….STILL the best time to buy in History.

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