Global woes send mortgage rates skidding lower

Mortgage rates are at their best levels of the year. Consumer borrowing costs are at the mercy of the stock market right now. If investors continue to have a dim outlook on the global economy, stocks will move lower and mortgage rates will move lower by another 1/8 to 1/4 %.

All it takes to derail an uptrend in mortgage rates is one little global crisis. And that’s potentially what we’ve got. Canada’s 5-year bond yield-which drives fixed mortgage rates-has plunged. As of this writing, it’s down almost 30 basis points from its high two Fridays ago.. This latest nosedive is courtesy of shoot-first-ask-questions-later AAA bond-buying.

2017 Mortgage Rate Outlook: The Trump Effect "Right now, we’ve got mortgage rates for 2017 averaging below what the actual numbers are today." Duncan says Fannie Mae’s November forecast is for 30-year rates to average 3.6% in 2017.

Global woes send mortgage rates skidding lower Mortgage rates today, September 28, plus lock recommendations mortgage rates today, April 5, 2019, plus lock recommendations current mortgage rates for May 27, 2019 are still near their historic lows.Compare 30-year, 15-year fixed rates, and ARMs to find the best home loan offer all in one place at lendingtree.mortgage rates today, May 22, 2019.

Still-Low Mortgage Rates Fuel Fast Start to Spring Homebuying Season Stage is Set for Stronger Spring Home-Buying Season, According to First American Potential Home Sales Model. -We’ve seen mortgage rates decline and wages rise – both trends work to boost.

By bad news, I mean global economic woes that push stocks lower and send investors into "safer" bonds, which lowers their yields and interest rates follow suit. So bad news is good news for mortgage rates and those looking to refinance. Or those who weren’t even looking but will be once rates dip to new all-time lows.

Mortgage rates today, February 13, plus lock recommendations Brexit : Elusive 2% Mortgage Rates Are Coming (FHA, VA, USDA, Conventional) Did Rates Get Too Good To Last? – risk. Treasuries are as risk-free as you can get when it comes to the bond market. Mortgage rates are just as safe in terms of reclaiming one’s initial investment (because the government backs Fannie and Freddie as well as the FHA/USDA/VA–all the big players), but they’re risky in the sense that they can vary greatly in terms of how long they.