Why Mortgage Rates Have Dropped Over The Last 28 Days

August 13, I was talking about my favorite Greek Yoghurt and how it related to mortgage rates. Yes, I spelled it "yoghurt". That's because I am paying homage to the beautiful city of Dublin. It was even sunny for a few minutes this morning. But I digress. August 13 is sort of significant for other reasons. On August 13, markets were pretty certain that the Fed was going to hold the Fed Funds Rate at 5.250% at its next meeting....

Read More...

[Source: The Mortgage Reports Blog]