mortgage rates: Mortgage rates, what's moving the market today?
- 10/19/09 09:59 AM
As a mortgage advisor I am constantly studying the overall economy to see what is moving mortgage rates. Here is a quick tutorial of what is moving rates today. What may seem to be good news for the overall economy may not be good for rates. The meltdown last September put our economy in a tailspin which drove interest rates down down to unprecedented lows. Currently we are in a period of record low interest rates for a few reasons. One, the cost for banks to borrow from the Federal Reserve is at 0-.25% which is as low as the Fed can go … (0 comments)
As a mortgage advisor I am constantly studying the overall economy to see what is moving mortgage rates. Here is a quick tutorial of what is moving rates today. What may seem to be good news for the overall economy may not be good for rates. The meltdown last September put our economy in a tailspin which drove interest rates down down to unprecedented lows. Currently we are in a period of record low interest rates for a few reasons. One, the cost for banks to borrow from the Federal Reserve is at 0-.25% which is as low as the Fed can go … (0 comments)
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