| May 4, 2012 10:56AM A paper just published by The Federal Reserve Bank of Boston is bound to generate a lot of comment both inside and outside of the mortgage industry. Titled Why Did so Many People Make so Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis , the paper presents 12 facts about the mortgage market which the authors say refute the conventional wisdom that the housing crisis resulted from financial industry insiders deceiving uninformed borrowers and investors. The authors, Christopher L.... May 4, 2012 3:44PM Mortgages rates are at their best levels since early February following today's weaker-than-expected Employment Situation report. The improvement was moderate versus yesterday's offerings and the 30yr Fixed Conventional Best-Execution Rate remains unchanged at 3.875%. That means that today's improvements would be seen in the form of lower borrowing costs or additional lender credit. ( read more about Best-Execution calculations ). Today's Employment Situation Report is generally regarded as the mo...
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