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[tommiegun54]

MORTGAGE RATES END 2018 AT 4 MONTH LOW

MORTGAGE NEWS DAILY
BY: MATTHEW GRAHAM
Mortgage Rates End 2018 at 4-Month Lows

Dec 28 2018, 4:27PM
Mortgage rates moved lower by an almost imperceptible amount today. The improvement was enough to bring the average lender to the lowest levels since the end of August, 2018. In other words, these are the best rates in 4 months.

2 months ago, all hope seemed lost. Rates were the highest in years and there were few reasons to expect the pain to subside, short of a massive meltdown in stocks or a big picture shift in the economy. As you're likely aware, stocks indeed tanked heading into the 4th quarter. And as I've mentioned many times since, that stock weakness was largely responsible for rates' ability to reclaim lost ground.