Good Afternoon,
On a day when no economic news came out we are experiencing the biggest drop in mortgage interest rates that we have seen in a while. The invisible interest rate monster is finally taking a break from his determined and constant upward march. Lenders lowered rates twice today and as long as no negative headline financial news comes out, we should see them fall again tomorrow.
The Leading Economic Indicators (LEI) is being released tomorrow. Take a look at our previous post describing this indicator here. As long as the remaining week stays calm you will be in an even better position to remortgage or pull out some equity at the opportune time. As always remember that these big drops do not last long, so keep your eyes pealed for more information tomorrow. Anything can happen.
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