Gwinnett County Real Estate Blog
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 Jump to 3-Week Highs After Jackson Hole Speech
Mortgage Rates Hold Fairly Steady
Mortgage Rates Lower or Higher, Depending on When You Look
Mortgage Rates Follow Oil Prices Lower
Mortgage Rates Drift Modestly Higher
Highest Mortgage Rates in Just Over a Week
Why Mortgage Rates Didn't Fall as Much as 30yr Bonds Today
Mortgage Rates Continue Higher Despite Bond Market Improvement
Mortgage Rates Start Week Higher
Mortgage Rates Slightly Higher to End The Week
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "