Subject: Re: Mortgage-rates have reached historic lows in 2016

From: LendingTree Partners <[email-masked]>
Date: Wed, 27 Jan 2016 18:04:45 -0700

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It's no surprise that mortgage rates sank after the Federal Reserve raised the cost of banks to borrow overnight. This may seem contradictory, but history shows otherwise.

"Mortgage rates continued a trend of small, steady improvements into the new week today," said the Mortgage News Daily, explaining that real estate financing rates had gone down. "This marks the 4th straight day of a winning streak that began last Wednesday when the Fed announced its much-anticipated rate hike."

While banks were busily raising loan rates as soon as the Fed announced its long-anticipated decision, the cost to finance real estate was going down.53413d259eb2e1e88e360dbe77e6852a+