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Mortgage Rates Lowest in More Than a Week

Mortgage News Daily writes, "We're measuring our mortgage rate spikes in terms of years and decades at the moment.  Progress in the other direction has been elusive--especially since the beginning of August.  Since then, mortgage rates haven't been able to string together any sort of winning streak lasting more than a few days.  On a slightly broader note, we haven't been able to say "lowest rates in 2 weeks" in almost 2 months now. 

If the present stability continues, we'll be very close to breaking that curse over the next few days.  Today's rates weren't markedly different from yesterday's, but both days are much better than last week--especially the 20-year highs seen on Tuesday.  During that time, the average lender moved back down from the…

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