Rates Haven’t Been This Low Since 2013:

"A Victory For Consumers"
Rates Haven’t Been This Low Since 2013: 30-year fixed-rate mortgage dipping  this week, staying below the 4 percent threshold and keeping borrowing costs at the lowest rate in more than a year. And the mortgage-financing environment for households could improve as a result of a rule federal regulators put in place Tuesday. The Federal Deposit Insurance Corporation is the first of six financial regulators to release the final version of the long-awaited qualified residential mortgage (QRM) rule. Because the QRM loan comes without the risk-retention requirement, lenders should be able to make more loans — and for cheaper — because they don't have to pass along that risk-retention cost to borrowers. QRM Rule Opens More Doors for Consumers, read more.