Mortgage Interest Rate News 11-20-2014

After hitting their 2014 lows in mid October; mortgage jumped higher for a brief period and recently have started to move back down.  Mortgage rates are still higher than mid-October; but not by much.  It’s good to see mortgage rates holding on to these lows considering the equity market has moved higher in November.  It’s difficult to say what will happen over the next 6 weeks however it does appear mortgage rates will continue to remain low provided the data continues to show low inflation risk and an average economic output.