Dec 19 2011, 2:45PM Mortgage Rates remain at record lows, both in terms of the Best-Execution interest rate as well as the costs involved in obtaining that rate. Although the Best-Execution rate has been at 3.875% for several days, associated borrowing costs involved to obtain that rate inched slightly lower to reach a new all-time low on Friday. The lenders who had been the most aggressively priced saw no improvements today whereas some of the middle-of-the-pack lenders lowered costs marginally, closing the gap somewhat between themselves and the market-leading lenders. Longer-dated US Treasuries continued to rally today in incredibly light volume, pushed around more by European headlines than the one piece of domestic economic data that showed Homebuilder Sentiment improving. Despi...
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