So, why are mortgage rates so low?

Many a mortgage lender, financier and economist will be sitting around scratching their heads wondering how this long run of bull news is continuing to come about in the American home mortgage rate market at the moment.  Clearly not everyone has their act together, as economic news relating to the US housing market this week could probably be best summed-up as “confusing”.  Depending on who you listen to, existing home sales went up or down in October.  House prices for resales were down, but new house prices were up.  Wages fell, but the economy grew stronger.  Inflation was in-check.  Regardless, American homeowners will be driving home this week with a smile on their face knowing that once again, US home mortgage rates were down!  The only question on everyone’s lips now: will the good news continue through the Holiday Season to year-end?  We can only hope so.