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As the benchmark mortgage rates were pressured higher by a modest rally in stocks, consumer borrowing costs held their ground and went into the weekend only a few basis points more expensive versus the previous Friday. As a result we are seeing the best 30-year fixed conventional mortgage rates in a range between 4.375 and 4.625% . Borrowers must qualify, meeting the lender guidelines for these low rates. Mortgage rate increases were only obvious via an uptick in “discount points” charged by lenders.
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