Total Mortgage | Market Recap 11.17.17

It's been an up and down week for mortgage rates, which are currently trending lower as we head into the weekend The Republican led tax plan was the most closely watched event of the week

On Thursday, the house bill passed with a vote of 227 to 205 It was a major step forward for Republicans and caused treasury yields and mortgage rates to rise Looking at the yield on the 10-year treasury note today, we can see that it's down about 4 basis points Mortgage rates typically move in the same direction as the 10-year yield and are similarly moving lower Given that mortgage rates are improving to end the week, it makes sense for anyone thinking about a purchase or refinance to consider taking action

It only takes a few minutes online or a quick phone call to get started Visit totalmortgagecom today for a personalized rate quote or for more information on current mortgage rates Thanks for watching Be sure to like this video and subscribe to our channel for the most up-to-date market outlook from Total Mortgage

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