Mortgage Rates Still Moving Lower After Last Week's Stellar Drop

Mortgage rates continued deeper into long-term lows today as the underlying bond market experiences its most impressive rally of the year.  In a rally, bond prices are moving higher and rates are moving lower.  This particular rally is bifurcated on several levels.
On one level, different maturities of US Treasuries are moving at very different paces.  For instance, the 2yr Treasury dropped by .07% today while the 30yr Treasury fell by less than 0.01%.  This has to do with investors betting on central banks keeping short-term interest rates low (or cutting them to even lower levels) among other things….(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