Interest Rates Slide Down Gently to a New Low

Last week I wrote that interest rates were likely to move mostly in response to the stock market. The stock market idled most of the week, moving down unsteadily Wednesday and Friday. Money moved into Treasury bonds driving yields down gently (see red line in the chart immediately below) but mortgage-backed securities did not follow....

The Loan Guide: How to Get the Best Possible Mortgage. Book available on Amazon

About the Author Casey Fleming began his career in the mortgage industry in 1979 as an appraiser. He founded and built one of the largest appraisal firms in the San Francisco Bay Area, earned the highest appraiser designation in California, and testified as an expert witness in court. In 1995 he began his transition to...