Mortgage Rates Continue To Surge To Lower All-Time Lows

Mortgage rates surged lower again today, continuing an ongoing push into lower all-time lows. Although bond markets in general moved lower in rate today, the overriding factor leading mortgage rates lower is the ongoing reaction to the Fed’s recently announced quantitative easing measures which specifically target the securities that underlie the mortgage market. For more mortgage news read the following: Mortgage News Daily

“What are you waiting for, 2.875%?? Grab a rate now, then grab (MAYBE) a lower rate in 6 months. You can, at least, take the maybe out of the equation if you take advantage now.” – Bob Van Gilder, Finance One