Mortgage Rates Has Been Their Lowest Since Halloween
As Far as Rate Rallies Go, That Qualifies as Just a Bit Longer Than Average and Just a Bit Better Than Average. Notably, it comes at the expense of weaker rate momentum for nearly The Entire Month of October.
In the bigger picture, however, rates are staggeringly lower than they were this time last year. Despite having risen from multi-year lows in September, we're still in a very solid ball park. In The coming weeks, we'll be watching closely for signs that the good times might be coming to An end or that the party may be able to keep going.