Lowest Mortgage Rates in 2 Weeks

Mortgage rates added to last week's improvement with another modest drop today.  That Brings the average lender to the best levels in exactly 2 weeks--a welcome change after Hitting the highest levels in more than 3 months on Friday November 8th.

US/China trade relations have been a key source of volatility, but markets are also eager to See how economic data unfolds as 2019 draws to a close.  The combination of a phase 1 US/China trade deal and reasonably resilient economic data could push rates much higher And confirm a rising rate trend for the next several months.  Conversely, if the trade deal looks Shaky and if economic data deteriorates, rates could take another run at the long-term lows Seen in early September.

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