| Mar 3, 2011 10:12AM The Departments of Housing and Urban Development (HUD) and Treasury released their Monthly Housing Scorecard for February on Wednesday afternoon. This monthly report is an attempt to encapsulate the Obama Administration's efforts to stabilize the housing market and provide a snapshot of the status of that market. It contains a round-up of information from both public and private sources, most of which has already been reported here on MND. The Scorecard is issued simultaneous with the release of... Mar 3, 2011 5:28PM The Best Execution conventional 30-year fixed mortgage rate rose today. UPDATED CURRENT MARKET : The "Best Execution" conventional 30-year fixed mortgage rate is now 5.00%. For those looking to buy down their rate to 4.875%, this quote carries higher closing costs but the permanent buydown fee is not overly expensive. The upfront cost of permanently buying down your rate to 4.875% is worth it to applicants who plan to hold their new mortgage for longer than the next 5 years. Ask your loan officer...
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