Is it here? 30-Year Fixed Mortgage Rate Hits New Low | David Reed 30-Year Fixed Mortgage Rate Hits New Low – David Reed

The 30-year mortgage rate fell 2 basis points to 3.88 percent this week. However, the majority of this Primary Mortgage Market Survey® (PMMS®) was conducted prior to Tuesday’s sell-off in the bond market which drove Treasury yields higher. Mortgage rates may increase in next week’s survey if Treasury yields continue to rise.