The Traderszone Network

Published in TZ Latest News 24 May, 2017 by The TZ Newswire Staff

Most Mortgage Rates Held Fairly Steady Wednesday

Similar to Tuesday, interest rates for most types of home loans didn’t shift very far for the most part on Wednesday, moving by just 1 or 2 basis points — with three significant exceptions. (A basis point equals 1/100 of a percent.) Home buyers considering a jumbo fixed rateĀ mortgage — a “jumbo” loan is generally required to borrow more than $417,000, though the ceiling for standard loans is higher in certain expensive markets — received more good news, and folks in the market for a 5/1 adjustable rate mortgage (ARM) were also on the right end of significant changes.

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