Mortgage ratesÂ moved lowerÂ today--significantly in some cases--with the average lender making it back to 2017's lows for the first time since January. Â Rates came close to 2017's lows in late February and again last week before officially crossing the line today. Â
Bond markets (which drive mortgage rates) benefited from investors seeking safe haven after headlines broke regarding North Korea's nuclear threats against South Korea and The U.S. Â Other geopolitical considerations regarding Russia's potential involvement with Syrian gas attacks and the French election added to the bond market gains. Â As bonds gain ground, prices rise and rates move lower.