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

Good Morning,

We experienced another strong day in the bond market yesterday, so mortgage rates did what they were supposed to do and that’s decrease.  The last few months have been filled with rising interest rates, but we are finally seeing the drops needed to give homeowners another chance to lock into better interest rates.

Keep your eyes open for the release of the following report today and the employment situation tomorrow.

- 2nd Quarter Productivity and Costs: This information is released by The Labor Department, which measures employee productivity in the workplace.  If productivity is rising, then it will most likely help mortgage rates.  A decrease could raise fears of inflation and mortgage rates may go up.

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