Update Rates Continue to move down

Mortage Rates continue to decline as the jobless claims continue. Tomorrow we will see the release of the November Retail numbers depending on how they come in we will who the consumer is holding up. If the numbers dont look in line with expectations it could push rates even lower. As I write this we are at %5.25% with no points on a 30 year fixed!!!.

I attached a chart that I thought you ma find interesting it shows the impact of rates on affordibilty.