Following Rex Tillerson's departure from the White House, Mortgage rates are at the lowest
Bond markets have an advantage when inflation falls, adding downward pressure on rates. Unfortunately, Tillerson's departure is not a much of a shock to the industry, and this news was not enough to cause a profound move lower in rates. However, there is a distinct separation between intraday rate movement and the 1-3x per day rate sheet changes from mortgage lenders
Bookmark this page for mortgage rates:
• 15-year (FRM) rates at 3.91% (-0.02%)
• FHA 30-year Fixed rates at 4.32% (-0.05%)
• Jumbo 30-year Fixed rates at 4.57% (-0.02%)
• 5/1 ARM rates at 3.62% (0.00%)
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RBS Citizens
Clifton Park, NY