Mortgage Rates Continue Surge To Lower All-Time Lows

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Posted To: Mortgage Rate Watch

Mortgage rates surged lower again today , continuing an ongoing push into lower all-time lows . Although bond markets in general moved lower in rate today, the overriding factor leading mortgage rates lower is the ongoing reaction to the Fed's recently announced quantitative easing measures which specifically target the securities that underlie the mortgage market. Yesterday's rate sheets were strong enough that we noted 3.25% as the more prevalent Best-Execution rate among most lenders. Today's moves confirm it. While we're sympathetic to concerns that rates haven't fallen "fast enough" given the unprecedented stimulus measures as well as the movement in the secondary mortgage market, we can say that we've never seen rates move lower this quickly from all-time lows to " even lower all-time...(read more)

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Source: www.mortgagenewsdaily.com

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