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Mortgage Rates Drift Calmly Down to 3-Week Lows

(Mortgage News Daily) - 1 years, 2 months ago
 Posted To: Mortgage Rate WatchMortgage rates continued lower today, despite a blatant lack of underlying motivation in financial markets. By that, I mean that we haven't seen any obvious cause and effect relationships between news, economic data, and bond market movements (which, in turn, drive interest rate movements). Instead, bonds moved of their own volition. While the move was modest, it was the 6th improvement in the past 7 business days. The net effect is the best mortgage rate offer...
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