December 30th, 2011
For the past several weeks, mortgage rates have been very low in the 3.875% best execution range. Day-to-day variations have mainly just impacted closing costs. This year is coming to an end with historically low mortgage rates.
According to Mortgage News Daily, “at many lenders closing costs associated with the 3.875% best-execution levels have fallen in line with their lowest levels ever.”
This brings 2011 to a close with a record-breaking trend in affordable mortgages, and bodes well for the year to come.