We are excited to partner with one of our favorite mortgage minds, Lou Barnes, to bring you his biweekly commentary. Lou is a loan officer in Boulder, CO, but his insight is relevant across the country. Lou's opinions should not be construed as the opinions of CENTURY 21 Redwood Realty or our partner, Day 1 Mortgage.
We hope that you enjoy this series! Our good friends at Day 1 Mortgage are here to answer all of your mortgage needs. You can reach them at 888.973.0624 or online at Day1Mortgage.com.
Rates. The 10-year T-note fell below 1.30% on Monday July 19 for the first time since February. Anomalies abound: in February 10s were screaming upward from 0.55% in August toward 1.75% in March, and passed through the 1.20s without a howdy-do. Since May rates have fallen without a pause, a long way without a reversal of some kind.