Mortgage Rates 📢 November 11th, 2024

INTEREST RATES

Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org

Rates: Bond markets are closed, and the stock market is open. Most lenders still issuing pricing, although it reflects Friday’s pricing.  

Bottom Line: Tune into tomorrow’s GTG Weekly at 10am PST for fresh rates and insight on how the market has digested the Fed cutting the Fed Funds rate by .25%.

Today in History:
November 11th, 1918

Armistice Day: World War I Ends

At the 11th hour on the 11th day of the 11th month of 1918, the Great War ends. At 5 a.m. that morning, Germany, bereft of manpower and supplies and faced with imminent invasion, signed an armistice agreement with the Allies in a railroad car outside Compiégne, France.

The First World War left nine million soldiers dead and 21 million wounded, with Germany, Russia, Austria-Hungary, France and Great Britain each losing nearly a million or more lives. In addition, at least five million civilians died from disease, starvation, or exposure.

WWI was known as the “war to end all wars” because of the great slaughter and destruction it caused. Unfortunately, the peace treaty that officially ended the conflict—the Treaty of Versailles of 1919—forced punitive terms on Germany that destabilized Europe and laid the groundwork for World War II.