Mortgage Rates Doing Very Well This Week

Posted To: Mortgage Rate Watch

Mortgage rates fell for the third straight day today. Each day has seen moderate improvement. Taken together, they add up to a strong move lower from last week's levels (which were roughly in the lower-middle of the post-election range). The result is that some lenders are at or near their lowest rates in nearly 3 MONTHS (yesterday it was 3 WEEKS). The average lender has only had 3 days during that time where rates were any better. There are plenty of opinions about what's behind this week's falling rates ranging from politics to last week's jobs report causing a shift in Fed rate hike expectations. All that matters is that investors have shifted to a more risk-averse stance resulting in better demand for less risky assets like bonds. Higher demand for bonds means lower rates. 4.125% remains...(read more)

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from Mortgage News Daily http://ift.tt/2lpzgbe