Posted To: Mortgage Rate Watch
Mortgage rates fell modestly today, bringing them back in line with last Friday's levels. Most of the inspiration for the improvement came from overnight developments in Japan, where the country's central bank doubled down on its commitment to keep easy money policies flowing for an extended period of time. In general, when large central banks commit to maintaining such policies, it's good for interest rates. Last night was no exception, but much of the benefit went to Japan's bond market (unsurprisingly) with US markets just getting a small token of the gains. It should be noted that by the time such news filters through to the world of mortgage rates, the improvements are barely detectable for the average borrower. Many mortgage seekers will be seeing the exact same quote compared to yesterday...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
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