Mortgage Rates Recover Most of Friday's Losses
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by Trevor Sines

Mortgage rates recovered much of Friday’s losses today, moving back near the lowest levels in more than a month.  To be fair, that’s a claim they could have made on Friday, which was still the 2nd best day in a month despite the deterioration vs Thursday.  2017 has consequently been “so far, so good” for rates.  When combined with the 2nd half of December, rates are a quarter of a point lower on average, and as much as a half point lower at certain lenders.

The most prevalent conventional 30yr fixed rate remains 4.125% on top tier scenarios.  Today’s improvement comes in the form of lower upfront costs (or a higher upfront lender credit, as the case may be).  

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