Mortgage markets improved again last week on worsening news out of Greece and the Eurozone. Then, as contagion mentality set in, U.S. mortgage bonds gained and mortgage rates fell. It's the 4th straight week in which conforming mortgage rates improved.
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Shopping for mortgage rates takes more than good research skills. It takes a little bit of luck, too.
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Mortgage markets improved to their best levels of 2010 last week, aided by events half a world away and ongoing safe haven buying. Greece's debt problems continue to help mortgage rate shoppers around the country.
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Despite 290,000 jobs created in April 2010 -- nearly twice the expected amount -- and a 40 percent upward revision of March's numbers, mortgage rates are essentially unchanged. In a normal environment, rates would be higher. Today is not normal.
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Mortgage markets improved last week on tame inflation data, a benign statement from the Federal Reserve, and ongoing credit problems in Greece. The factors combined to drop conforming mortgage rates to their lowest levels in 6 weeks.
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Daily Mortgage Rate Lock Advice
