Lenders Reprice For The Better. Rates At Record Lows Again

by Victor Burek -

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Refinance RatesPurchase RatesRefinance Rates, June 27th Product: Today Last Week 30 yr Fixed Rate
15 yr Fixed Rate
5/1 ARM
Compare rates in your area: Refinance rates provided by Refinance RatesPurchase RatesPurchase Rates, June 27th Product: Today Last Week 30 yr Fixed Rate
15 yr Fixed Rate
5/1 ARM
Compare rates in your area: Refinance rates provided by Mortgage rates were priced at the most aggressive levels of our era on Wednesday following a steady stream of disappointing housing data that sent stock indexes lower. Rates did back up a few basis points yesterday for what seemed like no reason besides rally exhaustion, but we got those losses back today...

Consumer borrowing costs were influenced by two economic reports today. First out was the final revision to first quarter Gross Domestic Product (GDP).

GDP is the broadest measure of total economic activity. It reports on the output of every economic sector. It's basically our economic report card. A rapidly growing economy can lead to price inflation, the bond market prefers stable growth while stocks generally enjoy a faster pace of economic expansion.