Mortgage loan rates dropped a fair amount this week, which is good if you’re going to be looking to buy.
The stock market took a hit, and investors looked to safer places for their money – and it was into US bonds.
The mortgage loan rate, which tends to move with the US Treasury 10-year notes rate, dropped. The 30-year fixed-rate loan is around 5.69%, down from 5.82%, earlier this week.
You could get a 5/1 ARM for just a bit less, 5.61%, but, really, why would you? Go fixed and reduce your stress.
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Updated: 1st Quarter 2018
