Daily Rate Update: Mortgage Rates See Biggest Drop in Over Three Weeks

Mortgage Rates See Biggest Drop in Over Three Weeks

Mortgage rates moved lower today at their fastest pace since February 25th’s Italian election stalemate. Today’s move is also bigger than the entire week of sideways-to-slightly-lower rates last week. That said, the first week of March (the one that included the Employment data), is sort of a dividing line in 2013’s general trend toward higher rates. Everything before that Thursday is lower, everything after is higher, and today’s big move brings us right back to that dividing line. That means a…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/300536.aspx

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