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Mortgage Rates Hit 2 Month Low Thanks To the Stock Market

  • Writer: Jennifer Garbiso Hall
    Jennifer Garbiso Hall
  • Jan 20, 2016
  • 1 min read

Although the Federal Reserve raised rates recently, the combination of the stock market tumbling and continued concerns with China have an inverse effect on Bonds. As a result, we typically see a drop in interest rates as demonstrated by the average 30 year mortgage rate dropping to 3.92% today, the lowest in 2 months (even with the increase by the Feds)...you may want to make a move on locking your loan for a purchase or refinance. Read more about it HERE


 
 
 

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