Mortgage rates would kindly like to reserve the right not to make sense to you, or anyone else these days. They haven’t been pulled in so many directions and for such esoteric reasons since at least 2008. Even then, as the mortgage meltdown came to a head, most consumers could appreciate that credit quality issues made investors not want to buy mortgages which, in turn, made rates higher than they otherwise would/should have been.
This time around there are no credit quality issues and no other overt reasons for mortgages to avoid moving lower at the same pace as other rates. If you didn’t catch the newsletter link I posted last week, it does a good job of scratching the surface of our current dilemma: https://housingbrief.com/article/5e62e220f40efc075062a21f/4fe094c7507eae194022246e
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Source: mortgagenewsdaily.comNew feed