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647-691-5553

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Our​ ​service​ ​is​ ​free​ ​and​ ​our​ ​simple​ ​online​ ​application​ ​only  takes​ ​90​ ​seconds.  Mortgage​ ​Broker? Call​ ​Our​ ​Office:​ ​647-691-5553 Click​ ​Here​ ​To​ ​Visit​ ​Our​ ​Site GTA​ ​Mortgage​ ​Pros

201-8​ ​Sampson​ ​Mews, Toronto, Ontario, M3C​ ​0H5 647-691-5553 Website:​ ​https://www.gtamortgagepros.com Google​ ​Site:​ ​https://sites.google.com/site/bestmortgagebrokertoronto/ Google​ ​Folder:​ ​https://goo.gl/TPq557 Twitter:​ ​https://twitter.com/gtamortgagepros

Defying​ ​Predictions,​ ​Mortgage​ ​Rates​ ​Are​ ​Dropping—Here's​ ​Why Anxious​ ​would-be​ ​home​ ​buyers​ ​have​ ​been​ ​watching​ ​mortgage​ ​interest​ ​rates​ ​finally​ ​begin​ ​ticking up​ ​again​ ​in​ ​2017,​ ​after​ ​years​ ​of​ ​historical​ ​lows.​ ​And​ ​when​ ​the​ ​Federal​ ​Reserve​ ​raised​ ​the short-term​ ​interest​ ​rate​ ​in​ ​March,​ ​the​ ​conventional​ ​wisdom​ ​was​ ​that​ ​mortgage​ ​rates​ ​would​ ​follow suit—as​ ​they​ ​typically​ ​do. But​ ​that's​ ​not​ ​happening​ ​this​ ​time​ ​around.​ ​Despite​ ​a​ ​Fed​ ​hike​ ​just​ ​last​ ​month​ ​and​ ​two​ ​more looming​ ​on​ ​the​ ​horizon,​ ​the​ ​average​ ​interest​ ​rate​ ​for​ ​a​ ​30-year​ ​fixed-rate​ ​mortgage​ ​fell​ ​back below​ ​4%​ ​for​ ​the​ ​first​ ​time​ ​since​ ​November,​ ​according​ ​to​ ​Freddie​ ​Mac.

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They​ ​were​ ​at​ ​just​ ​3.97%​ ​as​ ​of​ ​Thursday,​ ​down​ ​from​ ​4.08%​ ​the​ ​previous​ ​week​ ​and​ ​a​ ​high​ ​of 4.3%​ ​for​ ​the​ ​year,​ ​on​ ​March​ ​16. So​ ​what's​ ​going​ ​on? "If​ ​you​ ​had​ ​an​ ​answer​ ​to​ ​that​ ​question,​ ​you’d​ ​probably​ ​make​ ​millions​ ​trading​ ​on​ ​Wall​ ​Street," says​ ​Danielle​ ​Hale,​ ​managing​ ​director​ ​of​ ​housing​ ​research​ ​at​ ​the​ ​National​ ​Association​ ​of Realtors®.​ ​"Interest​ ​rates​ ​are​ ​really​ ​tricky​ ​to​ ​predict." Yet​ ​even​ ​a​ ​small​ ​change​ ​in​ ​the​ ​interest​ ​rate​ ​can​ ​be​ ​a​ ​game​ ​changer​ ​for​ ​buyers.​ ​A​ ​fraction​ ​of​ ​a percentage​ ​point​ ​can​ ​add​ ​up​ ​to​ ​hundreds​ ​of​ ​extra​ ​dollars​ ​a​ ​year​ ​in​ ​mortgage​ ​payments.​ ​And that​ ​extra​ ​money​ ​can​ ​make​ ​a​ ​real​ ​difference​ ​in​ ​the​ ​kinds,​ ​sizes,​ ​and​ ​locations​ ​of​ ​homes​ ​that buyers​ ​can​ ​afford. What's​ ​really​ ​driving​ ​down​ ​mortgage​ ​interest​ ​rates Mortgage​ ​interest​ ​rates​ ​are​ ​influenced​ ​by​ ​the​ ​Federal​ ​Reserve's​ ​short-term​ ​interest​ ​rates,​ ​but​ ​in fact​ ​they're​ ​more​ ​closely​ ​tied​ ​to​ ​the​ ​10-year​ ​U.S.​ ​Treasury​ ​bond​ ​market.​ ​That's​ ​because​ ​as investments,​ ​bonds​ ​and​ ​mortgages​ ​are​ ​similar:​ ​Investors​ ​consider​ ​them​ ​significantly​ ​safer​ ​bets than​ ​the​ ​more​ ​volatile​ ​stock​ ​market. So​ ​when​ ​investors​ ​got​ ​spooked​ ​by​ ​the​ ​rising​ ​stock​ ​market​ ​(fearing​ ​a​ ​downturn)​ ​and​ ​the unpredictability​ ​of​ ​the​ ​current​ ​U.S.​ ​administration,​ ​they​ ​put​ ​their​ ​money​ ​into​ ​bonds.​ ​And​ ​since mortgage​ ​rates​ ​are​ ​generally​ ​an​ ​inverse​ ​reflection​ ​of​ ​the​ ​strength​ ​of​ ​the​ ​bond​ ​market,​ ​when bonds​ ​are​ ​up,​ ​mortgage​ ​interest​ ​rates​ ​drop. "Investors​ ​are​ ​a​ ​little​ ​skeptical​ ​because​ ​the​ ​stock​ ​market​ ​keeps​ ​climbing,"​ ​says​ ​Don​ ​Frommeyer, a​ ​mortgage​ ​officer​ ​at​ ​Marine​ ​Bank​ ​in​ ​Indianapolis.​ ​"They’re​ ​looking​ ​for​ ​safe​ ​ways​ ​to​ ​invest​ ​their money,​ ​and​ ​they’re​ ​going​ ​back​ ​to​ ​the​ ​bond​ ​market." They're​ ​also​ ​not​ ​quite​ ​as​ ​optimistic​ ​about​ ​how​ ​quickly​ ​President​ ​Donald​ ​Trump's​ ​infrastructure plans​ ​will​ ​come​ ​to​ ​fruition,​ ​after​ ​having​ ​invested​ ​in​ ​sectors​ ​expected​ ​to​ ​profit​ ​from​ ​those​ ​plans. So​ ​they're​ ​turning​ ​back​ ​to​ ​bonds. "Now​ ​people​ ​are​ ​re-evaluating​ ​and​ ​coming​ ​to​ ​the​ ​conclusion​ ​that​ ​[these​ ​promises]​ ​are​ ​going​ ​to take​ ​a​ ​lot​ ​longer​ ​than​ ​they​ ​expected,"​ ​says​ ​Freddie​ ​Mac's​ ​chief​ ​economist,​ ​Sean​ ​Becketti.

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Contact​ ​Details: GTA​ ​Mortgage​ ​Pros 201-8​ ​Sampson​ ​Mews, Toronto, Ontario, M3C​ ​0H5 647-691-5553 Website:​ ​https://www.gtamortgagepros.com Google​ ​Site:​ ​https://sites.google.com/site/bestmortgagebrokertoronto/ Google​ ​Folder:​ ​https://goo.gl/TPq557 Twitter:​ ​https://twitter.com/gtamortgagepros Related​ ​Contents: mortgage​ ​broker toronto​ ​mortgage​ ​broker mortgage​ ​broker​ ​toronto mortgage​ ​brokers​ ​toronto best​ ​mortgage​ ​broker​ ​toronto toronto​ ​mortgage​ ​rates toronto​ ​mortgage toronto​ ​mortgages ontario​ ​mortgage​ ​broker mortgage​ ​broker​ ​ontario mortgage​ ​brokers​ ​ontario

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