For mortgage rate shoppers in Sacramento and California, markets have touched new all-time lows, but are not sticking. This is due to traders taking advantage of buying on dips and selling on rallies.

It can also be argued, that banks are squeezing their pipelines by keeping rates higher, as they actively manage this mini refinance boom we are experiencing – for those homeowners who are underwater and want to take advantage of the much-needed HARP prograrm. Continue reading →