Mortgage rates shot higher on Thursday matching the quickest pace of the past several months seen at the beginning of January.  Although rates didn’t make it quite as high in absolute terms, much of the recent recovery was erased.  In other words, we’re now closer to early January’s levels than we are to yesterday’s levels.  The move was more than sufficient to bump Best-Execution for Conventional 30yr Fixed Loans up to 3.5%

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