Mortgage Rates In The U.S. Dipped To Lowest Level In Almost Six Months, 2.77% (But Consumers Are Going To Need A Bigger Boat!)

by confoundedinterest17

There is good news from Freddie Mac today. Their 30-year mortgage commitment rate fell to 2.77%, the lowest in almost six months.

The bad news? Consumers are going to need a bigger boat since the Case-Shiller national home price index is growing at 16.61% YoY.

Thanks to the Federal Reserve chumming the waters.