| May 14, 2012 2:38PM Mortgage Rates continued a recent trend of moderate improvement fueled indirectly by political turmoil in Europe. The gains bring rates in line with all-time lows with some lenders priced slightly better and some priced slightly worse than than February's record offerings. The current rate environment is causing the longstanding "wall" at 3.875% to begin to crack. The Conventional 30yr Fixed Best-Execution Rate is, for the first time since February, edging down to straddle 3.75% and 3.875% . Some... May 14, 2012 12:30PM What did the Dali Lama say to the hot dog vendor? "Make me one with everything." Some LO's out there wish the Lama could fix the pricing on some of the products out there. Agency mortgage-backed security prices are on the moon: at the close on Friday Fannie, Freddie, and Ginnie 3.5% securities closed at roughly 104, 103.875, and 105.5, respectively. For the sake of simplicity, let's say those are the prices of 4% 30-yr mortgages. Are borrowers seeing those rates at those prices? Of course not - a...
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