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Mortgage Rate Update 11-9-12: Trends Projections & Today's Best Rates
Great day yesterday for mortgage rates with a whopping 36 basis point improvement. What does this mean? Consider a $300,000 mortgage with an option to pay 1 point ($3000) at the beginning of the day. With this 36 basis point improvement, that same interest rate may have dropped $1000 in cost by the end of the day with many Lenders across the country.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back nearly 2 years at www.JasonGordon.info whenever desired. Also, make sure to learn about THE TRUTH BEHIND MORTGAGE QUOTES to better understand the relationship between up-front closing costs and mortgage interest rates so you don't get duped by clever advertising campaigns.
The Mortgage Street Smarts of where mortgage interest rates are going (and why):
The following information is current as of Friday 11-9-2012 and will help you understand today's best mortgage rates. If you are a Buyer/Borrower who is still on the fence (or if you are ... more
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