Mortgage Rates August 22, 2018

As summer comes to and end we’ll resume a more frequent posting of what’s going on in the Mortgage Backed Securities market and mortgage rates for those looking to purchase a new home or refinance the current mortgage they have. As we move towards September things are starting to get interesting as the bond market, specifically the 10year, has rallied to it’s best levels this summer. Will it reverse course to push the 10y yield back to 3.00% or will we see a significant break below 2.80% on the 10y yield? Exciting times!

I hope everyone had a great summer!