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 Inch to Another 2-Week Low
Mortgage Rates Officially at 2 Week Lows
Mortgage Rates Near 2-Week Lows After Biggest Daily Drop in 3 Months
Mortgage Rates Started Much Higher But Almost Fully Recovered
Mortgage Rates Near 1-Week Lows
Mortgage Rates Inch Up to Another Recent High
Mortgage Rates End Higher Despite Promising Start
Solid Mid-Day Recovery For Rates
Mortgage Rates End Day Higher Despite Promising Start
Mortgage Rates Rise to 7.58%
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "