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Lowest Mortgage Rates Since May 14th
Mortgage News Daily • • business
Key Points:
- Mortgage rates dropped slightly today, reaching their lowest levels since May 14th, following a significant decline yesterday that brought rates close to a one-month low.
- Today's modest improvement supports the idea that yesterday's rate drop was a genuine market movement rather than a random fluctuation.
- The end of a quarter often brings increased volatility in mortgage rates due to trading dynamics in the bond market, which can cause unpredictable patterns.
- Bond prices received a small boost after PCE inflation data matched median forecasts, easing concerns of higher-than-expected inflation and encouraging some bond buying.
