Mortgage rates fell for sixth straight day today

Mortgage Rates fell modestly for an impressive sixth straight day today.

Mortgage imagesCAE30UQZrates are driven by movements in financial markets-most directly by MBS (mortgage backed securities) which actually dictate how much mortgage debt is worth to investors. MBS are always trading with some level of correlation to broader bond markets where 10yr Treasuries are one of the best big picture reference points.

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