The decline came after a lower-than-expected reading of the November's consumer price index, or CPI, a widely watched measure of inflation.
The average rate on the 30-year fixed mortgage dropped to 6.28% Tuesday, according to Mortgage News Daily. It is now at the lowest level since mid-September., a widely watched measure of inflation. The report sent investors rushing into U.S. Treasury bonds, causing yields to drop. Mortgage rates follow loosely the yield on the 10-year Treasury.
Still low by historical rats.
This last month has been a nice for mortgagerates and breath of fresh air for those homebuyers or homeowners shopping for a homeloan . Still not ideal, but better.
Kelly Evans better not be pregnant again.
On the lookout for my next investment 👌