Mortgage Rates Officially Hit 2 Week Lows

Roland Wilcox

Owner / Loan Officer

Sierra Capital Mortgage Co.

P: (626) 449-8545

sierracapmortgage.com/

1055 E. Colorado Blvd.
Suite 500
Pasadena CA 91106

License:

245214

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Mortgage Rates Officially Hit 2 Week Lows

3 Hours, 1 Min ago

We were close yesterday and we officially arrived today. Mortgage rates may still be elevated compared to almost all of the past 10 months, but they're the lowest they've been since May 14th.

This was accomplished with a modest drop versus yesterday's levels after another round of news on a potential U.S./Iran peace deal. This morning's inflation data also helped the underlying bond market find its footing.

In terms of nuts and bolts, top tier 30yr fixed rates fell to 6.59% for the average lender, down from 6.61% yesterday and from 6.75% last Tuesday.

More Daily Mortgage Rate Commentary

Mortgage Rates Hold Lowest Level in Nearly 2 Weeks - Wed, 7:47 PM

Mortgage Rates Move Moderately Lower - Tue, 6:48 PM

Mortgage Rates End Week Roughly Unchanged - Fri, May 22, 5:19 PM

Mortgage Rates Recover After Starting Higher - Thu, May 21, 6:40 PM

Mortgage Rates Recover All of Yesterday's Losses - Wed, May 20, 6:58 PM

Roland Wilcox

Owner / Loan Officer

Sierra Capital Mortgage Co.

P: (626) 449-8545

sierracapmortgage.com/

1055 E. Colorado Blvd.
Suite 500
Pasadena CA 91106

License:

245214

Reproduction or redistribution of the contents of this newsletter, outside of the distribution services provided, either in whole or in part, is prohibited without prior written permission of the MBS Live, Inc.

The interest rate data provided in this newsletter are national averages from independent data sources. Rate/APR terms may differ from those listed above based on the creditworthiness of the borrower. All information provided "as is" for informational purposes only, not intended for trading purposes or financial advice.

Reproduction or redistribution this newsletter, outside of the distribution services provided, is prohibited. Interest rate data provided in this newsletter are national averages. Rate/APR terms may differ. All information provided "as is" for informational purposes only.