Mortgage rates were already in great shape on Friday after having fallen to the lowest levels since November 2016. Rather than draw inspiration from the week’s big ticket events (Fed announcement and jobs report), the biggest source of inspiration was a flare.
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Mortgage rates were unchanged to slightly higher today–a claim that utterly boggles the mind of anyone who thought they understood the relationship between bond markets and the mortgage world. ALMOST.
All of the 21 experts that provided a response for Bankrate’s third-quarter Economic Indicator survey said that the Fed will cut interest rates again at some point. chief economist at the Mortgage.
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Mortgage rates hit their lowest levels of the month today! Sure, that’s only 10 business days for the mortgage world, but we’ll take every little victory we can get these days.
Those lenders are indeed offering lower rates today, for the most part–just not as low as you might expect if you’ve followed along with market movement and the mortgage rates response in the past.
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