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Are Mortgage Rates Going Down? Current Mortgage Rates TODAY’S INTEREST RATES Interest rates improved over the past 7 days and currently mortgage interest rates are sitting at about 3 Month lows. The Mortgage Backed Security (MBS) traded up +53 bps over the past 7 days. The BLS Jobs Report comes out on Friday, December 8th. The ADP […]
Are Mortgage Rates Going Down? Read More »
TODAY’S INTEREST RATES On Tuesday Morning, the CPI Inflation came out and inflation dropped from 3.7% to 3.2%. Core inflation dropped from 4.1% to 4%. This has had a major effect on Mortgage Interest Rates.The Mortgage Backed Security market closed up a whopping 66 basis points at the closing bell on Tuesday.So what does this mean? In my
Rate Update for Nov 13-17 Read More »
TODAY’S INTEREST RATES There has been a lot of rate friendly data coming out since the second half of October that has really helped mortgage rates move lower. Per Mortgage News Daily, on Oct 16th the posted rates from mortgage companies was 7.94%. As of today, the posted rates are 7.13%. That’s a .81% decrease
Current Mortgage Rates 11/29/23 Read More »
