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Mortgage RatesNewsThe Wall Street Journal

Will falling mortgage rate result in more buying/selling homes?9955

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DanSmigrod private msg quote post Address this user

Chart from The Wall Street Journal showing mortgage rates dropping in tandem with 10-year Treasury yields.

Hi All,

According to today's (9 August 2019) Wall Street Journal:

"Falling bond yields have pushed mortgage rates to their lowest level in nearly three years, spurring a rush by homeowners to refinance."

"The rate on a 30-year, fixed-rate mortgage fell to 3.6%, Freddie Mac said yesterday [8 August 2019], compared with nearly 5% in November 2018. Mortgage rates are closely linked to yields on 10-year Treasury notes, which Wednesday fell to 1.675%, the lowest since October 2016.

"Low interest rates often boost the homebuying market, but worries about the economy—telegraphed by the low rates—may hold purchasers back."

Source: The Wall Street Journal

By the way, it might be a good time to refinance your mortgage.

Best,

Dan
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DanSmigrod private msg quote post Address this user
Inman (9 August 2019) Today's mortgage rate was set yesterday by China

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