Volatile Day Leaves Mortgage Rates Largely Unchanged
Wednesday, July 31, 2013 4:56 PM
Mortgage rates are deceptively unchanged here at the end of the trading day, but that was far from the case this morning. Rates were significantly higher earlier today rising from yesterday’s levels at their fastest pace of the week after stronger-than-expected economic data. The Fed statement in the afternoon had the opposite and more than equally-sized effect. Many lenders are now in slightly better territory than they were at the end of the day yesterday. Conventional 30yr Fixed best-execution rates remain at 4.5 percent and paying points to move to 4.25% continues to be a viable option depending on the scenario and personal preference
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- Community Commentary: Build Your Own Fed Statement
- MND NewsWire: Eminent Domain No Longer Theoretical; Critics Warn of Repercussions
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