Mortgage Rates Will Have to Wait to Set More Records

Mortgage rates hit all-time lows on Friday, based on the average rate for a top tier conventional 30yr fixed loan scenario.  At that time, I raised the question as to whether that was really “news” considering we were already in line with all-time lows on Thursday and that rates have generally been pushing into an all-time low range during the coronavirus saga.  In fact, as far as bond markets are concerned (and they’re typically all that matters), we should have seen 10-20 days of new all-time lows so far in 2020.  It’s only due to the COVID-related mortgage market effects that mortgage rates have been on a delayed timeline relative to the broader bond market. …(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