Thursday, May 8, 2014
Mortgage Interest Rates added just slightly to yesterday's improvements, inching just a bit
lower into the best levels in more than 6 months. The bond markets that
dictate rates took their cues this morning from central bankers as the heads of
the US Federal Reserve and European Central Bank both offered some reassurance
to bond market investors. In the afternoon, a weak auction of 30yr
Treasury Bonds prevented any further improvement, but not before quite a few
lenders released positively revised rate sheets. The most prevalently
quoted conforming 30yr fixed rate for best-case scenarios moved closer to 4.125% for the first time since late October 2013, though
4.25% is very close.
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