Mortgage Rate Black Friday Sale

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There have only been two days in the last 18 months where mortgage rates have been as low as they are now. This is because mortgage rates are determined by mortgage bond prices in the bond market. There were only two trading days in the last 18 months where mortgage bond prices have been better than they are right now.

This is really good news for you if you're able to refinance or buy a home in the next few weeks. The reason for the recent drop in mortgage rates is less than stellar economic news (more people than expected filed for unemployment) and heavy demand for mortgage bonds created by the Federal Reserve and other buyers.

Also, trading volume in the market is lower than normal going into Thanksgiving weekend. This exaggerates prices movements, which opens a short window of opportunity for people who act before volume picks up again after the holiday weekend.

To take action, find a CMPS certified mortgage professional in your area!
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HomeQB is the official housing and mortgage blog of CMPS Institute. CMPS Institute is a national organization that certifies mortgage bankers and brokers. Our mission is to help homeowners and homebuyers improve their lives by using the right mortgage strategies.

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