Mortgage Rates Edge Back Down Toward Long-Term Lows

By Matthew Graham

Posted To: Mortgage Rate Watch

Mortgage rates fell moderately today, helping them move part of the way back down toward their lowest levels in more than 3 months (seen back on Friday). The average lender continues quoting rates that are roughly 3/8ths of a percentage point lower than the highs from early November. Last Friday’s low rates marked the culmination of the strongest winning streak for rates of 2018. We’ve been in a bit of a holding pattern since then, with next week’s scheduled announcement from the Federal Reserve likely serving as the motivation for the next (and probably last) big wave of momentum for the year. “Big wave” is more of a relative term, perhaps. It may only end up being “big” relative to the current, fairly flat week leading up to it. Loan Originator Perspective Bonds continued hovering in recent…(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Via:: Mortgage Rates Edge Back Down Toward Long-Term Lows

      

Comments

About Mortgage News Daily

Mortgage News Daily

Check Also

Here’s How Many Loans the GSE Loophole Saved; Here’s How ‘Priced-In’ Rate Cuts Are

Mortgage rates Moved just slightly lower today, despite some push back from underlying bond markets. …