Is it here? Mortgage Rates Tumble Below 4 Percent | David Reed Mortgage Rates Tumble Below 4 Percent – David Reed

The 30-year mortgage rate fell 11 basis points this week to 3.97 percent, dropping below the psychologically-important 4 percent level for the first time since November. Weak economic data and growing international tensions are driving investors out of riskier sectors and into Treasury securities. This shift in investment sentiment has propelled rates lower.