Mortgage Rate Black Friday Sale26 November 2014
This is really good news for you if you're able to refinance or buy a home in the next few weeks. The reason for the recent drop in mortgage rates is less than stellar economic news (more people than expected filed for unemployment) and heavy demand for mortgage bonds created by the Federal Reserve and other buyers.
Also, trading volume in the market is lower than normal going into Thanksgiving weekend. This exaggerates prices movements, which opens a short window of opportunity for people who act before volume picks up again after the holiday weekend.
To take action, find a CMPS certified mortgage professional in your area!