Orlando Mortgage Blog

The recent flight to safety with the EU saga ongoing has seen sizeable leaps downward in bond yields and therefore upward movement in Mortgage Backed Securities (MBS) which of course has improved mortgage rates to historic levels once again, but that's only .125% to .25% below where it has been in the last couple months as lenders are being dragged to the lower rate trough. With a national average Par rate that has been running of late at 4.625% to 4.875% (which typically includes one point depending on the lender that day) the question that should be in the mind of the rate floater, "How much lower will it go and what are the risks at this point of it moving higher?" I draw your attention to the last comment in the following report  .