| Mar 21, 2012 3:57PM Mortgages Rates finally caught a break today, after spending the last several days either rising abruptly or simply not improving. The gains were small, but a welcome sight after rates hit their highest levels of the year yesterday. Today's improvements also help keep 4.0% best-execution in the frame after yesterday threatened to raise it to 4.125%. One thing to keep in mind at the moment is that "best-execution" is a bit more subjective at current levels. We can tell you that 4.0% is advantageously... Mar 21, 2012 9:33AM Interest rates rose to the highest levels since December during the week ended March 16 and, driven largely by refinancing, mortgage applications activity fell significantly . The Mortgage Bankers Association (MBA) reported that its Market Composite Index, a measure of mortgage application volume, decreased 7.4 percent from the previous week on a seasonally adjusted basis and 7.1 percent unadjusted. The Refinance Index decreased 9.3 percent from the previous week and the refinancing share of mortgage...
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