Gwinnett County Real Estate Blog
Mortgage Rates Quickly Approaching 1-Month Lows
Rate momentum shifted noticeably on Wednesday. The underlying bond market saw heavy buying in pre-market trading--likely a result of large-scale quarter-end rebalancing among the largest money managers (i.e. adjusting balance of stocks vs bonds in investment portfolios). Excess demand for bonds = lower rates, all else equal. It also hasn't hurt that oil prices continue declining as bond demand has frequently benefited from the lower implied inflation. The average top-tier 30yr fixed rate fell 0.10% to 6.55--just a hair above June 16th levels of 6.54%. Before that, you'd have to go back to May 14th to see anything lower. [thirtyyearmortgagerates]
Categories
Recent Posts
Mortgage Rates Slightly Higher Ahead of Jobs Report
Mortgage Rates Steady at 2 Week Lows
Mortgage Rates Lowest in Over 2 Weeks
Mortgage Rates Roughly Unchanged Despite Bond Market Improvement
Mortgage Rates Back Near Long-Term Highs
Mortgage Rates Sideways to Slightly Lower
Mortgage Rates Slightly Higher Despite No Fed Rate Hike
Mortgage Rates Roughly Unchanged Versus Friday's Lows
Mortgage Rates Recover Modestly From Long-Term Highs
Highest Rates in Over a Year, But There's a Silver Lining
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "