Mortgage Rates Fall to Lowest Levels in a Week
Mortgage rates moved lower again today following another lower-than-expected reading on an inflation report. Yesterday's Consumer Price Index (CPI) had a bigger impact on the underlying bond market, but today's Producer Price Index (PPI) wasn't far behind. Additionally, bonds did a better job of holding onto the improvement into the afternoon hours. This allowed mortgage lenders to drop rates even more than they did yesterday (0.06% today versus 0.05% yesterday). This takes the average top-tier 30yr fixed rate to 6.64% which is the lowest in just over a week. [thirtyyearmortgagerates]Categories
Recent Posts
Mortgage Rates Stage Moderate Recovery From Long-Term Highs
Mortgage Rates Near 1-Year Highs
Rates Recover Modestly
Mortgage Rates Back Up Near 10-Month Highs
Rates Move Back Up With Oil Prices
Mortgage Rates Start New Week Flat
Mortgage Rates Recover Somewhat
Mortgage Rates Jump to Highest Levels in a Week
Mortgage Rates Edge Modestly Higher
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "