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7 rules of falling mortgage rates

06/21/2016

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Any downtrend in rates brings temptations and pressures to both professionals and civilians. Hence, a series of rules cribbed from prior declines and adjusted to this one. [graphiq id=”5vkQjNOAFN3″ title=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/5vkQjNOAFN3″ link=”http://mortgage-lenders.credio.com” link_text=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio” ] The rules: 1. The most powerful is the most obvious, and hence the most overlooked: The downtrend is in the past, and the stronger and deeper it has been, the less likely to continue. Rates have fallen from 4.25 percent to almost 3.50¬†percent¬†in six months, when at the outset all thought they would rise, and during a shift from Fed easing…

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