Great Start To February 2019:
February 2019 mortgage rates are off to a great start as fixed mortgage rates move down to 2019 lows. Both fixed rate mortgages, such as a 30 year fixed, and adjustable rate mortgages, such as a 7/1 ARM have improved in recent weeks as fear of a slowing economy, an escalation in the trade war with China and the possibility of another government shutdown.
In the coming weeks we'll be keeping an eye on the Mortgage Backed Securties market and if the 10y Treasury yield will move below recent resistance. If the economic data continues to show an economy in the midst of a slow down you may just see mortgage rates improve later in the month. However if we receive stronger economic data then mortgage rates may move higher from these levels.