Good Morning,
We are currently experiencing a wave of mortgage interest rate drops after the news that Fannie Mae and Freddie Mac are being taken over by the government. This is giving another chance to people who need to refinance.
Along with all this, there are a couple of relevant economic reports that are due this week worthy of following. Both reports are due on Friday, but I expect that the Fannie and Freddie news and the stock market, along with any surprising headline news will guide interest rates until then
The last time we saw such an immense drop was back in January and February. We will be following the market and update you after the opening bell.
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