Posted To: Mortgage Rate Watch
Mortgage rates continue gently lower again today, extending a recent winning streak that’s seen improvements on 6 out of the past 7 days. While any winning streak is a welcome sight to fans of low rates, this one is most appropriately chalked up to the heavy losing streak intact for the 5 previous weeks. February ended up being the worse month for mortgage rates since the mid-2013 ‘taper tantrum,’ and our recent improvements are possible only due to that fact. In bouncing back from those higher rates the financial markets that underlie mortgage rate movements are essentially getting into a nimble position for tomorrow’s FOMC (Fed) Announcement. It’s not uncommon to see trading levels head back to well-traveled mileposts from previous journeys and the current territory is about as well-traveled…(read more)
Via:: Mortgage Rates Lowest in 2 Weeks Ahead of Fed
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