Understanding Mortgage Rates | dripp inc | Home Equity | Refinancing and Remortgage Guide

Today’s 10-year bond moved dramatically in our favor. Whenever news about “jobless claims increasing” comes out you should expect rates to come down little. April’s Industrial Production report was also released this morning and it stated a 0.7% decline in output. This was a much more than the 0.3% decline that analysts expected. We saw lenders decrease rates 3 times throughout the day due to this news and I suspect that tomorrow will be an outstanding day to catch much lower interest rates.