Mortgage Rates Slide to New Multiweek Lows

Just one day after an incredibly strong jobs report–something that would normally create problematic upward momentum for rates–the average lender is back to the lowest levels since January 16th. At the risk of overusing a played-out metaphor, this was not on many experts’ bingo cards.

Even with the benefit of hindsight, it’s not entirely possible to justify what we’ve seen…