Rates Stay Low; Bigger Risks/Rewards Next Week

Rates Stay Low; Bigger Risks/Rewards Next Week

Mortgage rates remained at recent lows today, as underlying bond markets strengthened.  For US Treasuries, this brought rates to new multi-month lows.  Mortgage-backed bonds, on the other hand, simply returned in line with the best levels of the week.  That allowed mortgage lenders to continue offering the best rates of the week (also the best rates in more than year!).

For most of 2019, rates have remained locked in a narrow range.  The past few days have done more than any others to challenge that range, but it will likely take friendly words from the Fed next Wednesday to fuel any further improvement.

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Angela Agana
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When you work with me, you will find that attention to detail is one of my biggest strengths. I strongly believe in the "Golden Rule" of treating others as I would like to be treated. I first fell in love with Northern Virginia when my spouse was stationed here with the Air Force over a decade ago. During that time, I have raised three children, contributed to the local community, and became passionate in helping others with their major life changing events - buying and selling their home.
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