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Mortgage Rates Are Actually Much Lower Today

Mortgage rates fell today, but by how much depends on the lender!  This runs contrary to the average news story which contains some reference to rates being flat week-over-week (due to Freddie Mac’s weekly rate survey data, which unfortunately doesn’t account for big market movement on Thursdays and Fridays).  There was a better case to be made for such things yesterday as the Fed drew a mixed reaction from the bonds that underlie mortgages.  If you didn’t catch it, yesterday’s article is highly recommended for those who want to understand why the Fed rate cut had no effect on mortgage rates.  HERE IT IS.

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Source: mortgagenewsdaily.comNew feed

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