Mortgage Rates Lower Every Day This Week. New Lifetime Lows.

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Mortgage rates have moved lower every day this week. Today's move was even more pronounced than yesterday's, carrying rates decisively into NEW all-time lows. Today's data and events during the domestic market session were of little concern to Secondary Mortgage Markets, which began the day in stronger territory thanks to the overnight sessions in Europe and Asia. From there, MBS (the "mortgage-backed-securities") that most directly influence rates) essentially held stead for the rest of the day, allowing lenders the ability to pass on more of the improvements. The continued push into lifetime low territory lets us know that lenders are actually doing a fairly aggressive job of moving rates lower. Adding to that sense of aggressiveness is the fact that most lenders have priced in the recent...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: www.mortgagenewsdaily.com

- For more real estate news visit our website at http://www.AzHomeHelp.com