Monday, May 13, 2019

"Lowest Mortgage Rates in More Than a Month"

by Calculated Risk on 5/13/2019 05:20:00 PM

From Matthew Graham at Mortgage News Daily: Lowest Mortgage Rates in More Than a Month

Mortgage rates moved moderately lower to start the new week as trade tensions remained in focus. In general, the worse the US/China trade relationship is looking at any given moment, the better it has been for the bond market (and the worse it's been for stocks).

Today's drop brings the average lender back to the lowest rates since April 2. [30YR FIXED - 4.125-4.25%]
CR Note: The decline in mortgage rates - from around 5% late last year, to just over 4% - has given the housing market a lift.