Mortgage Rates Fall as Housing Market Booms

This week Brian discusses how earlier this year, mortgage rates followed the 10-year Treasury yield lower to register an all-time low value of 3.3%. Fueled by additional purchases of mortgage-backed securities (MBS) by the Fed, mortgage spreads have narrowed while Treasury yields remain at depressed levels, only recently trading above 1%. As shown in the LPL Chart of the Day, the average rate on a 30-year fixed rate mortgage has continued to fall, now trading at just 2.88% according to Bankrate.CLICK HERE for the LPL chart mentioned in the episode.Ford Financial Group on FacebookFord Financial Group on YouTubeQuestions?Find us at FordFG.comEmail us at [email protected]:Cold Funk - Funkorama by Kevin MacLeod is licensed under a Creative Commons Attribution license. Source. Tracking ID:  1-05102530Send in your questions!