| Sep 13, 2011 4:24PM Today's post might as well be yesterday's. Precious few differences exist between today and yesterday in the world of Mortgage Rates . Whereas things slightly improved yesterday, they were slightly weaker today . No changes in BestExecution rates and only minimal increases to borrowing costs. That means that your GFE should have the same interest rate on it as yesterday, but that the closing costs required to get that rate edged up marginally. The "guidance" section is unchanged today from yesterday... Sep 13, 2011 10:34AM Even dumpsters can be turned into homes - but what about the comps? Is There Room For The Rat? Rates are great, but no experienced loan originator, of sound mind and body, believes that a mortgage company should not make a profit on a loan. But in order to cover the extreme volatility in the last month, profit margins per loan have grown, and thus, as I am often asked, movements in the MBS market are not directly transferred to changes in rate sheet pricing. In addition, besides the volatility increasing...
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