A wide range of news was positive for mortgage rates this week, and it far outweighed the relatively minor unfavorable influences. As a result, mortgage rates ended the week lower, at the best levels of the year.
Comments from President Trump also were positive for mortgage rates this week. On Wednesday, Trump said that the U.S. dollar is “getting too strong” and that he likes “a low-interest rate policy.” Since Trump appoints the Fed Chair, his support for looser monetary policy caused mortgage rates to decline.
