by Calculated Risk on 5/13/2019 05:20:00 PM
Monday, May 13, 2019
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).CR Note: The decline in mortgage rates - from around 5% late last year, to just over 4% - has given the housing market a lift.
Today's drop brings the average lender back to the lowest rates since April 2. [30YR FIXED - 4.125-4.25%]
Posted by Calculated Risk on 5/13/2019 05:20:00 PM