Feb 15, 2018

Mortgage rates fell to the lowest in a year as inflation concerns waned and investors braced for a slowing global economy. The 30-year fixed-rate mortgage averaged 4.37% this past week according to Freddie Mac, down from 4.41% in the prior week.

Bonds and mortgage-backed securities have become more attractive to investors over the past few weeks due to global economic growth concerns as well as worries about a possible second government shutdown. That’s good news for borrowers as rates lower when investors buy more mortgage-backed-securities.