Mortgage Rates Lowest in Weeks

Mortgage Rates continued steadily lower today, adding to a string of improvements that brings them to their best levels in more than 2 weeks. Rates have now re-entered the narrow “post-Brexit” range that began shortly after the UK’s vote to leave the European Union sent rates plunging toward all-time lows. Our current position is precarious in the bigger picture. Market movements (specifically, bond markets) underlie mortgage rate movement. When it comes to market movements a narrow range like that seen in the wake of Brexit is typically followed by a more convicted move in one direction or the other. The direction tends to be that of the first major break of the range. Because the first maj…
Mortgage Rates Newsletter – Market Analysis

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