Posted To: Mortgage Rate Watch

Mortgage rates have been falling so much and with such regularity in 2020 that there’s scarcely been a reason (or even an opportunity) to talk about anything else. Now suddenly, we have 2 straight business days with the average lender’s rates getting modestly worse. Is this the beginning of the end? Maybe… Probably not, but that’s not the point. The point I will continue to make about this record-breaking run into the lowest rate range ever is that it will come to an end at some point. Putting it in those words makes it seem obvious, but you wouldn’t know that based on the average prognostication in the media. Most “experts” surveyed by respectable media outlets (hint: an expert mortgage rate forecaster is no more qualified than a precocious 3rd grader when it comes to predicting the future…(read more)

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Source: Mortgage News Daily