Press "Enter" to skip to content

Lowest Mortgage Rates in 2 Weeks

Mortgage rates added to last week’s improvement with another modest drop today.  That brings the average lender to the best levels in exactly 2 weeks–a welcome change after hitting the highest levels in more than 3 months on Friday November 8th.
US/China trade relations have been a key source of volatility, but markets are also eager to see how economic data unfolds as 2019 draws to a close.  The combination of a phase 1 US/China trade deal and reasonably resilient economic data could push rates much higher and confirm a rising rate trend for the next several months.  Conversely, if the trade deal looks shaky and if economic data deteriorates, rates could take another run at the long-term lows seen in early September.

…(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Source: mortgagenewsdaily.comNew feed

Be First to Comment

    Leave a Reply