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Mortgage Rates Effectively At 4 Month Lows

Mortgage Rates Effectively At 4 Month Lows

Right from the start and with only a few days that didn't fit the narrative, November was a stellar month for mortgage rates , and December is picking up right where it left off.  The first few days of the new month have only seen rates move lower by 0.07%, but that's a strong showing considering the drop of almost 3/4th of a percent from 10/31 through 11/30. Frequently, when rates enjoy winning streaks of that size and duration, we'll see a more concerted effort in financial markets to circle the wagons and push back a bit.  One could make a case that we saw just that sort of push-back between Nov 3rd and 13th when the average rate rose 0.20%, but even that was a small correction relative to 0.50% drop seen over the first 3 days of the month. The absence of 2-way volatility has be
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