What is happening with the US Mortgage Market?

by Kerry on July 30, 2012


“Market concern over the strength of the economic recovery took Treasury yields to new depths, causing both 30- and 15-year fixed-rate mortgages to continue tumbling to historic lows.”

All of us in the Martha’s Vineyard real estate market, as well as in the rest of the country, are interested to see what the afore mentioned mortgage rate tumble is going to do to rest of the economy. We found the following article of interest: Mortgage rates drop to historic lows.

[Courtesy Housingwire.com]

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