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Mortgage Rates Drop to New Multi-Year Lows

Mortgage rates fell again on Friday as lenders finally saw recent bond market gains stabilize enough to act on.  In other words, lenders don’t always keep their mortgage rate offerings moving in lock-step with the underlying bond market (which dictates rates over time).  This helps protect them from potential volatility, which ultimately allows them to keep rates lower than they otherwise would be (volatility is costly in the mortgage rate world).
Yesterday’s bond market movement was big and unexpected….(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

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