Monday, December 09, 2019

"Mortgage Rates Snap Back to Lower Levels"

by Calculated Risk on 12/09/2019 08:05:00 PM

From Matthew Graham at MortgageNewsDaily: Mortgage Rates Snap Back to Lower Levels

Mortgage rates reacted somewhat harshly to an incredibly strong jobs report last Friday. … There will always be some obligatory response to a report as strong as that. That was indeed the case on Friday and mortgage lenders were a bit defensive in setting rates. Fortunately, the underlying bond market improved throughout the day and held onto that improvement today. As such, lenders were willing to offer much lower rates versus Friday. [Today's Most Prevalent Rates For Top Tier Scenarios 30YR FIXED - 3.75 - 3.875%]
Mortgage Rates Click on graph for larger image.

This graph from Mortgage News Daily shows mortgage rates since 2014.

This graph is interactive, and you could view mortgage rates back to the mid-1980s - click here for interactive graph.