Everything is working for home buyers and those that haven't refinanced yet. Mortgage rates have continued to fall and this morning 30 year mortgages dropped to 4.25%. The 10 year treasury hit a low this morning of 2.60%, ticked back up slightly and will probably finish the day in the 2.63% range as some investors take short term profits and others hedge slightly for the weekend.
Most all the momentum is from the postponement of the Fed's tapering. The economic news from the end of the week failed to contradict the Fed's reasoning for delaying the taper, so the outlook for subsidized mortgage rates continuing through year end gained some momentum. The actual news was:
Thursday's GDP report came in the same as last month but…