Loading ...What’s driving mortgage rates today?
Average mortgage rates fell moderately again yesterday. They’re now back to their Aug. 7 level, which was the lowest in nearly three years. Indeed, they’re not too far off their 2012 all-time low.
However, that happy picture may not last long. Because, first thing this morning, markets looked set for a better day from most people’s point of view. And that means a worse day for those who want lower mortgage rates.
So mortgage rates today look likely to rise. But that’s based on the assumption those rates will follow other key markets in the normal way. And, as always, events might yet overtake that prediction.