Daenerys Targaryen's Take: Mortgage Interest Rates Drop, Homebuyers Unimpressed

Dragons Swoop In

As I rode my fierce dragons through the seven kingdoms I couldn't help but notice that mortgage interest rates fell for the third straight week. While this caused an increase in refinancing applications homebuyers seemed as unimpressed as my dragons during a peaceful evening.

Bidding Wars and Kingdoms Alike

"Today's buyers are facing very low supply and stiff competition much like the bidding wars in the kingdoms. It seems the only difference is that instead of swords clashing it's mortgage rates battling for attention."

The Fed's Whisper

"In this world of high transparency and frequent speeches from the Federal Reserve not even the release of their minutes caused much drama. It's as if the Iron Bank decided not to collect debts this time."