Time For The Weekly Refinance: 30 Year Fixed Mortgage Hits Record Low At 4.44%
It is time for the weekly refi: the 30 Year Freddie cash mortgage just hit another fresh all time low. And with the 10 Year plunging and soon to drop below 2.5% as the bond bubble is becoming ever more primed, we expect the 30 Year to eventually drop as low as 4% if not further. Will this force more incremental homebuying activity? Absolutely not.