As you can imagine - everyday I am asked "How are rates"?    Good news for consumers buying or refinancing - Mortgage rates have dropped for the fifth week in a row!

Today's mortgage rates lower than we have seen in several months thanks to global sell-off in risk-related assets. What's a risk-related asset? In this case, it's a catch-all term for investments that carry greater risk and greater reward, such as stocks and emerging market currencies. When risk-assets get trounced, bond markets are often one of the safe-haven beneficiaries, and stronger bond markets mean lower mortgage rates. What this means to you?? It is a great time to refinance or lock in your rate!  Need to know current rates?  http://www.lordmortgage.com/mortgage-rates.html