California Mortgage News

Mortgage Rates keep Falling

August 12th, 2015 4:51 PM by George Coronado

Wednesday’s bond market has opened in positive territory again due to another round of stock selling. Stocks are reacting negatively to another currency move by China, pushing the Dow lower by 197 points and the Nasdaq down by 58 points. The bond market is currently up 6/32 (2.12%), which should improve this morning’s mortgage rates by approximately .125 of a discount point.
Posted in:General
Posted by George Coronado on August 12th, 2015 4:51 PM