Live Rate Quotes
Real Estate Chart of the Day
Mortgage rates and markets change constantly. Stay 100% current by taking The Mortgage Reports by email each day. Click here to get free email alerts, or subscribe to the RSS feed in your browser.
Mortgage markets over-reacted last week -- like they always do. Rates went very bad, very quickly. Lucky for rate-shoppers, this week is the bounce-back.
Lately, mortgage bonds have been trading at unsustainable levels. Despite a growing mound of evidence that the economy is expanding and what looks to be an over-supply of treasury debt, mortgage-backed securities are priced as high as they've been since May. It's unnatural, really; a hedge against a stock market flop. Or something else. But forget about why rates are low -- low rates are about to end.
